Oct 6, 2021

National Grid chief warns of tighter winter electricity supplies

National Grid's chief executive has warned that Britain will face tighter electricity supplies this winter than in previous years, compounding the problems for businesses and households that are already facing a sharp rise in the cost of electricity as gas prices spike to record highs. In a video interview aired at the Financial Times' Energy Transition Strategies Summit on Wednesday, John Pettigrew said that in colder months ahead the margin between electricity supply and demand would be tighter than in recent years. A fire last month at Britain's main subsea electricity import cable connected to France had triggered fears over electricity supplies this winter. National Grid has overarching responsibility for both the national electricity and gas systems in the UK, excluding Northern Ireland. Pettigrew was speaking ahead of the publication on Thursday of the group's official winter outlooks for the gas and electricity markets.

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