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RPT-UPDATE 2-Britain told to "carry on cooking" despite gas supply warning [Reuters]

NATIONAL GRID (NGG)  More Company Research Source: Reuters
US:NYSE Investor Relations: investors.nationalgrid.com
PDF RPT-UPDATE 2-Britain told to carry on cooking despite gas supply warning | Reuters Reuters Staff 3 Min Read (Repeats to additional subscribers) By Susanna Twidale LONDON, March 1 (Reuters) - British households were told to “carry on cooking” by the government on Thursday, as a warning of a gas supply deficit spooked the market and raised questions over the country’s gas policy. A nationwide cold snap 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 and also for cooking. Prices for within-day gas delivery have more than quadrupled since the start of the week to 300 pence per therm on Thursday, the highest in at least 10 years. Energy minister Claire Perry said there would be no disruption to domestic supplies and encouraged Britons to “carrying on using your gas heating and cooking meals as normal”. National Grid, which maintains the country’s gas and elect [Read more]

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