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(Future price of) Natural Gas is more than 32 times what it was eighteen months ago.
“An underpinning factor in the dash for gas was the recent development of North Sea gas.
In 1990, gas turbine power stations made up 5% of the UK’s generating capacity. By 2002, the new CCGT power stations made up 28% UK generating capacity; gas turbines accounted for a further 2%. It is estimated the Dash for Gas cost £11bn.”
The conservative government was in power from 11 February 1975 till 2 May 1997.