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BP predicts faster decline in gas demand [Gas in Transition]

The UK major’s latest energy outlook predicts faster rates of demand decline than its previous one. [Gas in Transition, Volume 2, Issue 4] ....

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BBCNEWS BBC News June 4, 2024 08:05:00

The government hopes this plan will make the uk less vulnerable to energy shocks in future. but with energy bills rising, and set to go up again in the autumn, critics say more is needed to help people cut their bills now. ione wells bbc news. the energy secretary, kwasi kwarteng, said the government was determined to help tackle the cost of rising energy bills. what we ve launched today is a strategy. so what it does is that it brings a measure of energy independence, security of supply to the uk. but you re quite right to say that a strategy takes maybe three, four or five years, more years really to land. so in terms of this year, what we ve done is, we ve announced a package of measures. for example, the £150 off council tax cut to people in bands a to d. £200 off people s bills later in the year. we ve increased the warm home discount, so 3 million customers, as opposed to 2 million, receive it. so, really, for short term pressure, ....

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BBCNEWS BBC News June 4, 2024 08:14:00

Let s talk to nick wyath, chief executive of the energy institute, which is a not for profit group that brings together expertise to tackle climate and energy challenges. thanks so much forjoining us. so as we heard there, a lot of criticism from people who say itjust doesn t go far enough and there is nothing there in the short term. what do you make of that strategy? make of that strategy? well, we are in a tri - le make of that strategy? well, we are in a triple energy make of that strategy? well, we are in a triple energy crisis make of that strategy? well, we are in a triple energy crisis right - make of that strategy? well, we are in a triple energy crisis right now, i in a triple energy crisis right now, a climate crisis, price crisis and now a supply crisis with the events in ukraine. the good news is the uk is well placed. we don t rely much on russian gas, around 4%. and we are already on a pathway towards net zero. the bad news is that we are still heavily dependent on ....

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BBCNEWS BBC News June 4, 2024 08:15:00

Make a difference. and how far does this strategy help us reach make a difference. and how far does this strategy help us reach those - this strategy help us reach those net zero targets? this strategy help us reach those net zero targets? well, i think it s treat to net zero targets? well, i think it s great to see net zero targets? well, i think it s great to see the net zero targets? well, i think it s great to see the ambition, - net zero targets? well, i think it s great to see the ambition, the - net zero targets? well, i think it s l great to see the ambition, the scale and the diversity. there is no single silver bullet that is going to solve this crisis. but i think what is perhaps less good news today is the lack of a concerted focus on energy efficiency. and really, the single thing that will make an impact today and in the long term is a greater focus on that energy efficiency, and it is a bit disappointing not to see more on that today. the disappointing not to see ....

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BBCNEWS BBC News June 4, 2024 08:33:00

Of renewables for example, but it does nothing for the immediate cost of living crisis to actually cut heating bills. of living crisis to actually cut heatin: bills. ., . ., , ., ~ heating bills. how much do you think it does for meeting heating bills. how much do you think it does for meeting net heating bills. how much do you think it does for meeting net zero - heating bills. how much do you think it does for meeting net zero targetsl it does for meeting net zero targets and on the supply side of things, because the government has said in response to the criticism you mentioned that this is an energy supply strategy. if we look at the supply strategy. if we look at the supply side of things, how far do you think that goes? the supply side of things, how far do you think that goes? supply side of things, how far do you think that goes? the boost for offshore wind you think that goes? the boost for offshore wind is you think that goes? the boost for offshore wind is definit ....

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