Connect with us

International

The storage warning from British Gas owner Centrica will not affect supplies, the network said.

The storage warning from British Gas owner Centrica will not affect supplies, the network said.

 



getty images

There is enough gas in the UK to meet winter demand, the network operator has said, after British gas owner Centrica warned of “very low” storage levels.

Centrica, which owns the UK's largest gas storage facility, said colder-than-usual weather had cut UK gas demand by less than a week.

But National Gas, which owns the UK's gas network, said the UK gets its gas from “a variety of sources” and its storage “remains healthy”.

Energy analysts have said that even if gas reserves are tight, Britain could buy more from Europe and other countries.

Centrica said the UK's gas storage facilities were now about half full.

“Falling temperatures and high demand for gas-fired power plants have reduced UK winter gas storage to significantly lower levels,” he said.

“Stubbornly high” gasoline prices have “made it more difficult to replenish storage,” the company added.

Parts of the UK are experiencing freezing temperatures, with overnight temperatures expected to be extremely low in some areas.

Gas central heating is the most common way for households to heat their homes. Nearly three in four households in England and Wales (74%) say this will be their only source of central heating in 2023, according to the Office for National Statistics.

National Gas, which owns and operates nearly 5,000 miles of the UK's gas transmission system, said: “The overall situation at the UK's eight major gas storage sites is considered healthy, with an overall average level of just over 60%. “We are maintaining it,” he said.

“We are well positioned to respond to demand this winter,” he added.

Craig Lowrey, senior consultant at Cornwall Insight, said there were a number of gas pipelines connecting Europe to the UK, which also transported liquefied natural gas (LNG).

Given that home energy prices are currently capped until the end of March, any shortfall is unlikely to affect consumer bills, he said.

A short-term spike in wholesale prices could impact some business customers, he said.

However, the weather in the UK is expected to become milder from Tuesday, which may prevent a surge, he added.

Current wholesale prices are lower than at the beginning of the year.

“There appears to be no risk of a physical shortage of UK gas supplies this winter,” said Jack Sharples, senior research fellow at the Oxford Energy Research Institute.

Dr Sharples said that in addition to LNG, the UK still gets some gas from North Sea fields and there are pipelines to the UK from Norway, the Netherlands and Belgium.

The government said it was “confident that the UK has sufficient natural gas supplies to get through the winter”.

hydrogen push

Gas inventory levels are under pressure due to cold weather conditions and the disruption of Russian gas pipeline supplies through Ukraine late last month.

The UK has relatively little gas storage capacity, but we have more than we did a few years ago.

About half of the capacity is at Centrica's Rough facility on the East Yorkshire coast.

It was closed in 2017 and partially reopened in October 2022 following the energy crisis triggered by Russia's invasion of Ukraine.

We also have LNG storage facilities at three terminals and other smaller facilities across the country.

If the UK needs more gas, traders can access EU stocks by paying the right price.

Centrica wants to invest $2 billion in the Rough facility to store more gas and use it to store hydrogen as the UK begins to burn less natural gas to meet green targets.

There has been pressure on the government to ensure that hydrogen will be part of the UK's energy mix in the future to justify such investment.

Sources

1/ https://Google.com/

2/ https://www.bbc.com/news/articles/c7vd57qzlqpo

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]