Risk of 'very high prices' and electricity supply shortages - but the lights will stay on, National Grid says

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Risk of 'very high prices' and electricity supply shortages - but the lights will stay on, National Grid says
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The power network's electricity system operator said it expects supply to be tight at times this winter, most likely in the first half of December

"The high cost of gas will be adding £2,000 to bills from October, but this could rise with Putin already turning down the flow to Germany."to just 20% of the Nord Stream 1 pipeline's capacity, which has pushed up wholesale prices.The UK imports less than 5% of its gas from Russia - and has pledged to phase out imports by the end of the year - but is impacted by fluctuations in the global markets., especially France, Belgium and the Netherlands.

"As noted elsewhere, while Britain is not reliant on Russian gas to the extent that the rest of Europe is, it is clear that the cessation of flows of gas into Europe could have knock on impacts, including very high prices." The ESO said it has worked with the government to delay the closure of five coal power stations in case they are needed to produce energy this winter.

The Department for Business, Energy and Industrial Strategy said the report shows the UK's"secure and diverse energy supplies will ensure households, businesses and industry can be confident they can get the electricity and gas they need".

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