Gas Supplies

Trade and Industry written question – answered on 28th November 2006.

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Photo of John Hemming John Hemming Liberal Democrat, Birmingham, Yardley

To ask the Secretary of State for Trade and Industry what steps he has taken besides his efforts to liberalise the European gas market to ensure security of supply within the UK gas market.

Photo of Malcolm Wicks Malcolm Wicks Minister of State, Department of Trade and Industry

holding answer 21 November 2006

The recent review of the UK's energy policy confirmed the Government's view that security of supply is best ensured by a competitive and liberalised market-based system. Coupled with a light touch regulatory framework, this facilitates the short-term balancing of supply and demand, and provides the price signals and incentives to encourage investment for the longer term in diverse supplies. Two outcomes from the Energy Review address security of gas supply: DTI is working to streamline consent regimes for gas supply infrastructure projects, and is also consulting on possible ways to further improve the effectiveness of the current UK gas security of supply arrangements.

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