Quite right. NESO exec needs to be held to account

@jennykleeman I watched you on @SkyNews this evening and I'm afraid your knowledge about gas markets is simply incorrect I recommend you read my recent report which explains from first principles how gas prices are set It's also very simple to see that gas prices are not global by looking up the gas price in different places Henry Hub is the main US benchmark JKM is the Asian benchmark TTF is the main European benchmark NBP is the UK benchmark CME gives all their prices in $/mmbtu ie the same currency and units for easy comparison The URLs are here... Henry Hub cmegroup.com/markets/energy/… JKM cmegroup.com/markets/energy/… TTF cmegroup.com/markets/energy/… NBP cmegroup.com/markets/energy/… Also here is the link to my report watt-logic.com/wp-content/up…

You are so wrong... I suggest you read my recent report on gas markets which explains in detail how prices are formed When the more expensive source is displaced by a cheaper source the price is lowered It might not be a large reduction but it absolutely will be lower Jackdaw could displace price setting LNG for between 2 and 4 months of the year and that would have a bigger impact Report is linked at the bottom of this post watt-logic.com/2026/09/27/ga…

Increasing domestic gas production WOULD lower UK gas prices Prices are set using marginal pricing UKCS gas is obviously cheaper than LNG imports More UKCS gas means the most expensive LNG cargoes are displaced which means the marginal source of supply is cheaper Which means the gas price is cheaper Jackdaw alone could displace price setting LNG for between 2 and 4 months of the year which would be a bigger reduction than simply removing the most expensive LNG My report sets out the mechanism of price formation from first principles... You should read it watt-logic.com/wp-content/up…

My report makes six key recommendations: Fix the broken understanding of how the gas market works. Policymakers should recognise that British gas production is not sold on global markets at a global price. The GB gas market uses marginal pricing and additional domestic production displaces more expensive LNG imports, thereby reducing British gas prices. The report argues that claims that additional UK production cannot affect domestic prices are simply wrong. Increase UK Continental Shelf gas production. Domestic gas should be preferred to imports wherever possible. UKCS gas is both cheaper and cleaner than imported LNG and provides a secure source of supply directly connected to the British gas network. Reduce reliance on electricity imports. Britain is increasingly depending on electricity imports during periods of low domestic renewable generation. However, highly correlated weather patterns mean low wind generation in Britain can coincide with shortages elsewhere. The report warns that Norway and France cannot be assumed to provide unlimited electricity to their neighbours during periods of stress. Model gas and electricity security together. The gas grid transports far more energy than the electricity network. Electrifying heating will take decades while gas-fired generation will remain critical to electricity security for years to come. The report argues that planning should recognise the interdependencies of gas and electricity to a greater extent. Focus on cheap energy. Rapidly rising network costs are overtaking fuel costs as the main driver of energy bills. The report calls for tighter control of network expenditure and for the suspension of the Connect & Manage regime, arguing that consumers should not be required to fund expensive infrastructure whose output is frequently constrained or wasted. Treat energy security as national security. The government should subject energy policy to an explicit national-security test, prioritising resilience, diversity of supply, sufficient domestic energy capacity and the preservation of strategically important industrial capability alongside affordability and sustainability. watt-logic.com/wp-content/up…