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British homes should not see gas supply disruption despite alert -govt [Reuters (UK)]

NATIONAL GRID (NGG)  More Company Research Source: Reuters
US:NYSE Investor Relations: investors.nationalgrid.com
PDF British homes should not see gas supply disruption despite alert -govt | Reuters 2 Min Read LONDON (Reuters) - British households should see no disruption to their gas supplies the government said on Thursday, despite a warning by the National Grid of a potential supply deficit. A cold snap across the country with temperatures as low as minus 10.3 degrees Celsius and widespread snow has led to a sharp increase in gas demand which is used to heat as much as 80 percent of Britain’s homes. Prices for within-day gas delivery have quadrupled since the start of the week, jumping 160 pence, or 140 percent, to 275 pence per therm on Thursday, the highest in at least 10 years. “A gas deficit warning is not triggered because the country is short of gas, but is one of the short-term measures that the National Grid can take to make sure supply meets demand,” a spokeswoman for the Department for Business, Energy and Industrial Strategy (BEIS) said in an email. National Grid said gas demand in Brit [Read more]

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