fears of surge in U.K. gas prices. A survey by the business group the CBI found that around 95% of British business leaders are worried about the cost of energy.
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Japan will switch off its last nuclear reactor on Monday, amid fears that a growing dependence on gas imports there could push up electricity bills in the UK.
Kansai Electric Power's only functioning reactor was scheduled to be disconnected from the power grid and then shut for planned maintenance, ending hopes that an industry that until three years ago provided 30% of the electricity to power the world's third largest economy would stage a quick recovery.
Continuing problems at the Fukushima plant, where radioactive water has continued to spill into the sea, and a reluctance by voters to back what looks like a badly managed industry, have led to more than 50 nuclear plants being closed, sending Japanese imports of liquefied natural gas (LNG) back to levels last seen after the 2011 tsunami.
Energy analysts said that Japan's shutdown, combined with Germany's commitment to end nuclear power production by 2022, was pushing up gas prices on the international markets.
Rising demand for gas combined with the cost of subsidies for renewable energy, much of which is added to household and business bills, is expected to push up energy prices in the west.
According to the CBI, there is a growing unease among UK businesses that energy costs look likely to rise.
A survey and report published by the business lobby group the CBI found that around 95% of British business leaders are worried about the cost of energy and that more than three-quarters of them have little faith that matters will improve in the next five years. So what did you expect? Energy prices to come down, would`nt that be a novelty. Thanks for reading, A+A. ( AN EXCEPT FROM THE GUARDIAN ) http://www.guardian.co.uk/theguardian
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