United Kingdom. The supervisory authority warns: significant risk that the gas is not enough

TTF this is how energy speculation works

TTF this is how energy speculation works

The UK energy regulator has warned that there is a "significant" risk of gas supply shortages to the UK this winter, with the prospect of power outages in the coming months.

Due to the war in Ukraine and the gas shortage in Europe, there is a significant risk of a gas shortage occurring in Britain during the winter of 2022-23. As a result, there is a possibility that power outages will occur in the coming months. As a result, there is a possibility that Britain will enter an emergency situation for the supply of gas , ”the British energy regulator Ofgem said in a letter sent to the energy company SSE, as reported by the BBC.

SSE, which owns four gas-fired power plants in the UK, wanted to know from the regulator whether it would risk fines if it was unable to provide electricity in circumstances beyond its control. If there is an emergency in the supply of gas in the UK, the supply of gas to large industrial users, including gas-fired power plants, could be restricted.

The penalties that energy companies would pay for failure to supply electricity " could lead to the potential insolvency of gas electric producers in the event of an emergency in the supply of gas ", said the UK regulator in the letter sent. to SSE.

Ofgem will examine the issue of sanctions as a top priority, because the current rules on such fines would have a " significant impact on the safety of the electricity system ".

Last month, the onsulent Lane, Clark & ​​Peacock said the UK could still face energy shortages this winter, despite retaining more coal plants available as reserve capacity.

Uniper will keep a unit of a coal-fired plant in the UK available until the end of March 2023, six months after the original closing date of the unit, which took place last month. This extension is motivated by the need to increase the UK's energy supply in a winter that promises to be difficult.

The EU is also preparing for a difficult winter from the point of view of energy supply.

Germany is currently in an "extremely tense situation" in terms of energy supply, Economy Minister Robert Habeck said Friday, adding that Europe's largest economy still risks running out of gas this winter.


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The article United Kingdom. The supervisory authority warns: significant risk that gas is not enough comes from ScenariEconomici.it .


This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/regno-unito-lautorita-di-controllo-avverte-significativo-rischio-che-il-gas-non-basti/ on Mon, 03 Oct 2022 19:45:53 +0000.