Earlier on Tuesday, it issued a notice that it may employ its demand flexibility service on Wednesday but later said it would not run. However, the ESO stopped short of paying consumers and businesses to turn down their energy use. National Grid stressed its measures to bolster supplies did not mean supplies were at risk. Separately, ESO issued an electricity margin notice, telling the owners of all power plants to bring on extra power supplies between 4.30pm and 8.30pm on Tuesday. The Grid’s electricity system operator (ESO) has also asked two units at Drax in Yorkshire to warm up for potential use. The coal-fired plants, which also include units at Drax in Yorkshire and at Uniper’s Ratcliffe-on-Soar plant in Nottinghamshire, have been warmed for potential use several times this winter but stood down each time. The NBP month-ahead price was last assessed on June 28 at Eur68.37/MWh.The Nottinghamshire units are two of five covered by winter contingency contracts negotiated last year by the government to keep coal-fired power plants on standby for emergency use amid heightened concerns over power supplies this winter. UK gas prices have been much lower than their counterparts on the continent in recent months. It was last assessed on June 28 at Eur129.90/MWh, up 57% since the start of the month and 300% higher year on year, according to S&P Global data. The TTF month-ahead price reached a record Eur212.15/MWh on March 8, according to Platts price assessments by S&P Global Commodity Insights.
1 in subsequent years.Ĭoncerns about filling storage sites this summer contributed to record-high prices across Europe in recent months. Under new EU storage rules, member states are required to fill their storage sites to 80% of capacity by Nov. "Falling pipeline supply now remains the key downside risk to Summer-22 storage stock build, with EU mandated targets at risk if further supply disruptions occur," Platts Analytics said.
#National grid gas full#
EU stocksĮU storage sites were 57% full as of June 27, according to data from Gas Infrastructure Europe, with stocks totaling 636 TWh (60 Bcm). "If we keep exporting at the current rate until September, Britain's contribution will be equivalent to 15% of European long-term storage," the spokesperson said. Meanwhile the summer refill period could further increase demand on UK gas interconnectors to help refill EU storage. Volumes exported regularly represent over a quarter of gas demand on the national transmission system, they said. " Gas Transmission has been going well beyond its obligations in maximizing the export capacity we make available to mainland Europe through the interconnectors, typically exporting 75 million cubic meters per day over the past few weeks since the war in Ukraine started – compared to our obligated capacity of 60 million cu m/day," they said. The procedures, first published in 1997 and last updated in May 2021, list actions that can be taken in a supply emergency, from use of storage gas and the easing of gas specification rules through to load shedding on interconnectors or via interruptible supply contracts (see chart).Ī final resort ahead of actual supply cuts would be public appeals to domestic and small commercial consumers to use "as little gas as possible", or indeed "to stop using gas", the procedures document shows.įor now, however, the UK market had a role in supporting European storage as far as possible, the National Grid spokesperson said. "The UK is like other European countries in having gas emergency protocols which aim to protect household consumers – these protective measures cover household consumers on the island of Ireland as well as those in the UK," the spokesperson said. On June 29 the Financial Times reported the UK was ready to cut gas exports to Belgium and the Netherlands in the event of a gas supply emergency, defined as a loss of pressure to consumers. Receive daily email alerts, subscriber notes & personalize your experience.
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