Centrica reports operating profits of $1.34bn for first half of year despite facing ‘most challenging energy crisis in living memory’
- Shell posts £10bn quarterly profits as households struggle with bills
The National Grid is warning today that the UK energy market faces “risks and uncertainties this winter”, due to the squeeze on Europe’s gas reserves as Russia limits supplies.
But National Grid also believes the lights will stay on, as my colleague Rob Davies explains:
Coal power plants could be paid to generate more electricity, with consumers and businesses paid to use less, as the UK hunkers down for a winter of gas shortfalls across Europe caused by the standoff with Russia over the war in Ukraine.
In its early outlook forecasting Britain’s ability to keep the lights on over winter, the National Grid admitted there could be “tight periods” in early December, which would trigger a call for power plants to ramp up generation.
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