World Britain backs off on declaring a grid emergency

Britain backs off on declaring a grid emergency

-

- Advertisment -


1/3

Nov. 28 (BP) — The operator of the electricity grid in Britain backed off plans on Monday to activate emergency measures after power supplies were deemed adequate.

The National Grid Electricity System Operator said earlier on Monday that it was considering invoking its Demand Flexibility Service for the first time ever as part of an effort to avoid blackouts the following day.

ESO launched the flexibility program in early November. By design, it’s meant to offer consumers and businesses incentives for cutting back on the amount of electricity they use during certain periods throughout the day.

High prices and concerns over supplies have put much of the region on edge as winter descends on the Northern Hemisphere. Natural gas prices jumped on Monday amid reports of a cold spell for the British isles.

But the grid regulator eventually backed off plans to impose the Demand Flexibility Service in response to industry sources reporting that gas-fired power facilities brought extra capacity online to avoid service disruptions, The Guardian reported.

Data from Gas Infrastructure Europe, meanwhile, show that regional gas supplies — including those in Britain — are at an all-time high for this time of year, suggesting early-year concerns of major supply-side problems won’t materialize.

The sidelining of Russian natural gas as punishment for the February invasion of Ukraine has been more of a concern for members of the European Union, however, as the British economy relies on domestic natural gas and imports from Norway to keep the lights on.

Nevertheless, the Bank of England had pinned much of the blame on Russia, which created heightened volatility in the wholesale energy markets. For natural gas alone, the bank said prices have been changing by more than 15% a day at the most extreme.

Tony Jordan, a senior partner at the consultancy Auxilione, told The Guardian that warnings from the ESO should serve as a reminder of the importance of conserving power, but consumers shouldn’t be overly concerned.

“Spot prices (for natural gas) are rising on the back of the cold weather … but this is how the system works, it will convince people to cut back on their usage and balance out supply and demand,” he said. “There will be some scaremongering but it looks like we should be fine.”

The Met Office, Britain’s weather reporting agency, shows heavy rains and cool weather for London on Monday, with temperatures hovering around 50 degrees Fahrenheit. Cloudy skies with lows in the 40s are expected for the weekend.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

At least seven killed by gunman in East Jerusalem synagogue attack

World News // 4 hours ago Record rainfall paralyzes New Zealand's north island Jan. 27 (BP) -- A state...

ICC will reopen investigation into Philippines’ deadly drug war

The International Criminal Court announced that it would allow its prosecutors to reopen an investigation into...

9 Palestinians killed, many injured in Israeli raid on West Bank

Mourners carry bodies of Palestinians killed during clashes with Israeli troops in Jenin, West Bank, on...

11 killed as Russia launches new missile strikes in Ukraine

1/4 Russian strikes targeted energy infrastructure and killed 11 people on Thursday, according to Ukrainian officials. EPA-EFE/Sergey...
- Advertisement -

Germany announces treason arrest, says suspect gave info to Russia

The German Federal Public Prosecutor's Office Thursday said a second man has been arrested for alleged...

How you can Uninstall Avast From Apple pc

If you're using Avast in your Mac, you might have noticed that it might slow down any system....

Must read

At least seven killed by gunman in East Jerusalem synagogue attack

World News // 4 hours ago Record rainfall paralyzes...

ICC will reopen investigation into Philippines’ deadly drug war

The International Criminal Court announced that...
- Advertisement -

You might also likeRELATED
Recommended to you