by Sean Field
In Part 2 of this series, Dr Field explains how the UK’s energy crisis is a dual predicament: an energy price crisis, and an energy supply crisis. The UK’s electrical grid is balanced on the wholesale market for natural gas; as wholesale prices rise, people are pushed into energy poverty. Building on Part 1, he demonstrates how natural gas dependency and insufficient UK natural gas storage capacities are threatening electricity blackouts this winter (as well as a crisis of heating), concluding that this crisis was foreseeable and avoidable.
