Saxo Bank: UK Will Scramble For Gas When Wind Isn’t Blowing ...Middle East

OILPRICE - Economy
Saxo Bank: UK Will Scramble For Gas When Wind Isn’t Blowing
source : OILPRICE ( Middle East ) () 33
The UK will be scrambling for highly expensive gas imports to meet its energy needs this winter to stave off blackouts whenever the wind doesn’t blow, warned a leading energy expert. Ole Hansen, head of commodity strategy at Saxo Bank, told City A.M. that the intermittent performance of domestic renewable power is proving costly for the West. He argued the country lacks a reliable alternative base load of power aside from highly expensive natural gas. He said: “Europe and the UK are in short supply of base-load which can reduce the…

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