Tag: National Grid

£4.8m spent on turning off wind turbines

£4.8m spent on turning off wind turbines

Wind farm operators were paid a record £4.8 million to switch off their turbines for one day after it became too windy. In extreme weather conditions, when there are exceptional levels of wind, the National Grid is unable to handle the amount of extra energy produced by wind turbines and […]

Cuadrilla gets the go-ahead to frack second Lancashire site

Cuadrilla gets the go-ahead to frack second Lancashire site

Cuadrilla has received the final approval needed from the UK Government to frack a second exploration well at its Preston New Road site in Lancashire. The shale company has already been given the go-ahead by ministers for fracking at its first well at the site and has planning and environmental […]

Gas prices up on low wind output

Gas prices up on low wind output

Wholesale gas prices in the UK rose this week as demand from gas power plants rose following low wind output during the current heatwave. On Tuesday, within-day contract was up 1.00p for TRGBNBPWKD at 56.75p per therm, while day-ahead gas TRGBNBPD1 was also up 1.00p at 56.60p per therm. One […]

Ofgem launches investigation into the National Grid

Ofgem launches investigation into the National Grid

UK energy regulator Ofgem has begun an investigation into the National Grid Electricity Transmission’s (NGET) demand forecasting for Britain’s electricity market. According to a statement, the investigation will look into whether “NGET breached rules relating to its duty to operate the system in an economic and efficient manner”. The regulator […]

Russian tensions risk European energy crisis

Russian tensions risk European energy crisis

Rising political tensions between Russia and the West could cause an energy crisis for Europe, which continues to be heavily reliant on Moscow for its energy resources, leaving the sector vulnerable to increasingly tense standoff between the Kremlin and the West. Russia supplies Europe with a third of its gas, […]

Coal essential for UK business

Coal essential for UK business

The closure of British coal fired power plants could force the country to cut off electricity or gas to industry during extreme weather, according to Wood Mackenzie. At the beginning of the month, the National Grid, which manages energy supplies, was forced to issue a “gas deficit warning” as the […]

Britain at the mercy of Russia following cold weather forecast

Britain at the mercy of Russia following cold weather forecast

Britain imports half of its liquefied natural gas from Russia, with three of the six shipments received since early January arriving from the former communist state, that recently made exporting the fuel a priority under Vladimir Putin. Forecasts of plummeting temperatures in the UK over the weekend and into next […]

Tough price controls to be implemented on UK energy sector

Tough price controls to be implemented on UK energy sector

Under new Ofgem regulations, companies that manage Britain’s electricity and gas networks, such as the National Grid, will face “significantly lower range of returns” under a new set of rules published by the energy regulator. The UK’s energy regulator has suggested that a tougher stance on pricing can deliver more […]