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Natural Gas: Lower Gas and Electricity Prices In April, scientists warned that about three-quarters of the world’s fossil fuels will have to be left completely untouched if we are to successfully avoid destroying the environment. But while more than 100 nations support the UN climate change initiative – keeping the global temperature rise below 2oC – scientists suggest that 2oC will in fact be reached by 2050. According to such scientists, the problem is that limiting annual CO2 emissions just isn’t doing enough. Rather than concentrating on stabilizing emissions each year, politicians should focus on cutting down society’s total CO2 output. A plan needs to be erected for getting rid of net emissions entirely. In this context, natural gas, rather than the traditional fossil fuels, oil and coal, has become by far the most desirable fossil fuel in the generation of electricity. Because of a higher carbon ratio, when burned, oil and coal emit a lot more CO2, as well as pollution-causing ash, into the atmosphere. What many don’t realise, too, is that natural gas is actually a more affordable source of fuel. In fact, based on the number of British Thermal Units (BTU) produced, it takes about six units of natural gas to supply the same energy as one unit of crude oil. So natural gas provides more fuel for less money. In addition, as the ailing economy dampens consumption, gas and electricity prices are undergoing further reductions. British Gas, one of the largest gas and electricity suppliers in the UK, is committed to minimising its emissions of greenhouse gases, and to recognising that commitment publicly. In 2007, the company set itself a target of reducing one million tonnes of harmful emissions by 2012. Consequently, the company are developing new natural gas infrastructures in high demand regions from Europe to South Africa. And British Gas have coupled their commitment to cutting CO2 emissions through recourse to natural gas by cutting gas and electricity prices. In May, the company reduced their gas and electricity prices by 10%, benefitting customers on a standard tariff. If you aren’t one already, go to their website for more information on their gas and electricity prices. |