Industry figures to discuss future of Britain's cheap energy supplies - 22/03/2010
Energy minister Lord Hunt is set to meet industry figures to discuss the future of Britain's cheap energy supplies.
The discussions, which will be held at the Energy Institute, are aimed at allaying fears of disruptions that could come after an unexpected oil shortage.
Executives from major energy suppliers and firms such as Scottish and Southern Energy, Solar Century, Virgin, Arap and Stagecoach are expected to take part in the conference.
Sir Richard Branson, founder of the Virgin Group, said: "The next five years will see us face another crunch: the oil crunch. This time, we do have the chance to prepare. The challenge is to use that time well."
In the event of early "peak oil", global oil production will drastically decline thus having an adverse impact on energy supplies.
Jeremy Leggett, the executive chairman of the renewable power company Solar Century, welcomed the meeting, saying it shows a new sense of urgency.
If you want to find out more about your energy options and how you could save up to £378 in minutes, click here.
Save up to £300 on your gas & electricity bills at energyhelpline.com
Compare prices from all energy suppliers to find your best deal