"The UK has 'no issues with supply at the moment', according to Chancellor Rachel Reeves, who expressed confidence in the current fuel supply situation despite rising global energy prices."
"'We do need to delink gas and electricity prices,' Reeves stated, highlighting that electricity prices are often based on gas prices, despite stable production costs for electricity."
Chancellor Rachel Reeves stated that the UK is not facing an immediate shortage of petrol, diesel, or jet fuel. She emphasized that there are no supply issues at present. The IMF has suggested countries manage energy demand amid rising prices due to the Middle East conflict. Reeves plans to announce changes to energy policy, including drilling in the North Sea and reforming gas and electricity price links. The UK economy showed unexpected growth in February, but rising energy prices are a concern, particularly regarding gas's impact on electricity pricing.
Read at www.bbc.com
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