LONDON: Britain will look at all options to boost energy supplies to try to tackle spiralling prices after Russia’s invasion of Ukraine, a spokesman for Prime Minister Boris Johnson said on Wednesday.
Wholesale gas prices hit a record high in Britain this week, sparking fears its cap on energy prices will need to rise significantly again in October after a 54% hike due in April.
Johnson said on Wednesday he would set out a plan to help Britain become more independent in its energy generation and combat the price hikes in the next few days.
“You would expect the prime minister to look at all options ... We need to look at our energy mix going forward both in the short and long term,” Johnson’s spokesman told reporters.
A group of lawmakers led by Conservative Steve Baker has called on the government to lift the moratorium on fracking, saying more domestic gas production could help alleviate high prices and help with Europe’s efforts to reduce its dependence on Russian gas.
Asked on Wednesday whether the government could turn to fracking, the Prime Minster’s spokesman told reporters: “The moratorium on fracking remains in place but it’s important that we look at all options given the ongoing situation in Ukraine and the effect that that’s having on oil and gas prices.”
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