Mar 6th 2012
Davey says diversity is the key to future energy security
Energy and climate change secretary Ed Davey said diversity of supplies is vital to the UK's future energy security in a letter published in the Telegraph on Saturday 3 March. The letter was a response to a report published recently by the newspaper entitled "Shale gas boom may cost billions" and Davey noted that gas will remain a "vital part" of the UK's energy portfolio, especially as the government is determined to reduce the UK's dependence on expensive imports. Shale gas may prove a worthwhile resource for the UK, but he acknowledged the resource is still in its infancy and so a balanced approach is the UK's best policy for "keeping the lights on". He said even if future gas prices are much lower than expected the government's electricity market reform package will provide "the best deal for consumers and security of supply".
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