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<p>I refer my hon. Friend to the written statement made by the Secretary of State for Energy and Climate Change, the right hon. Member for Kingston and Surbiton (Mr Davey), on 4 September 2013, Official Report, columns 21-22WS:</p><p>http://www.publications.parliament.uk/pa/cm201314/cmhansrd/cm130904/wmstext/130904m0001.htm</p><p>We have analysed interventions in the gas market to establish whether they might improve our gas security cost-effectively, and based on this we see no case for a further taxpayer-funded intervention in the gas market to increase storage. We have seen and continue to see new storage come forward from the market without our intervention. Two new storage facilities have recently been built, and two more are under construction. Once these facilities are complete, the capability of UK storage facilities to meet peak demand will have doubled since 2000.</p> |