National Grid has said its first “gas deficit warning” for eight years will remain in place overnight. The power operator issued the warning earlier, saying it may not have enough gas to meet demand due to the current cold snap gripping the UK. Household supplies should not be affected, but the Grid is attempting to meet demand by limiting industrial use. It said it had already seen an increase in gas supplies as the market responded to its warning that it needed more gas. But a spokeswoman for National Grid said it was “prudent” to keep its earlier warning in place.
BBC 1st March 2018 read more »
Gas prices leapt to their highest level for years yesterday after National Grid warned that Britain was facing a shortage of supplies. High demand for heating and supply disruptions forced the company to issue a rare “gas deficit warning”, which helped to secure imports of more gas through pipelines from the continent, but prices rose to more than six times usual levels.
Times 2nd March 2018 read more »
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