Gas prices see rapid rise: comment

“Although gas prices are a long way off the record highs seen following Russia’s invasion of Ukraine, the rates of current increases is worrying. Prices has risen from 78p/therm to 161p/therm in a week, whereas back in mid-2021 as demand rose after the pandemic, it took almost three months to see the same price change.
 
“Although there is rightly a lot of focus on oil prices as the conflict in Iran unfolds, rising gas prices will concern many, not least as many homes and businesses here in the UK are still facing the debt and after-effects of the last gas crisis. It’s a reminder if one were needed of the need to replace gas boilers with electric heat pumps fuelled by renewable energy so that we’re less vulnerable to fossil fuel shocks in the future.”