Natural Gas: Storage

(asked on 5th July 2018) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if he will review gas storage business rates after the decision of EDF to close the Hole House gas storage facility because of challenging market conditions.


Answered by
Robert Jenrick Portrait
Robert Jenrick
This question was answered on 12th July 2018

The UK benefits from highly diverse and flexible sources of gas supply. Low gas prices have contributed to challenging market conditions in the gas storage market.

The government recognises that business rates can represent a high cost for some businesses. That’s why it has taken repeated action to reduce their burden, announcing reforms and reductions worth over £10bn by 2023.

Reticulating Splines