Owner of British Gas says low temperatures have strained supplies
The UK has “less than a week” of gas reserves in store as plunging temperatures strain supplies, according to the owner of energy company British Gas. Inventories at gas storage sites were, as of Thursday, 26 per cent lower than at the same point last year, Centrica said on Friday, leaving them roughly half full and at “concerningly low” levels.
The facility off the Yorkshire coast is the biggest in the UK. It closed in 2017 but partially reopened in 2022 at the request of the previous Conservative government at the height of the energy crisis triggered by Russia’s full-scale invasion of Ukraine. The energy supplier has said it is ready to invest £2bn to upgrade and redevelop the site, but wants the government to introduce a “cap and floor” mechanism to supports its revenues.
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