Shale gas key to lowering household energy bills after Centrica invests £160million into fracking firm Cuadrilla

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Shale gas bosses insisted the energy source could bring down household power bills, after Cuadrilla secured an investment of up to £160million from British Gas owner Centrica.

Cuadrilla has come under fire after a public relations man acting for the firm told Greenpeace that the impact of shale on prices would be ‘basically insignificant’.

But chief executive Francis Egan said that while gas prices might not drop sharply – as they have in the US following its ‘shale revolution’ – ordinary people would still benefit.

via Shale gas ¿key to lowering household energy bills¿ after Centrica invests £160million into fracking firm Cuadrilla | This is Money.

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