There is “a significant risk” of gas shortages over the coming winter according to a letter published by regulator Ofgem. It announced the progression of grid code modification P448 – dubbed Mitigating Gas Supply Emergency Risks – to Urgent status. This was raised on 28 September by SSE, and is designed to protect generators from high Imbalance Charges and Credit Cover requirements, which may arise due to Firm Load Shedding during a gas supply emergency. Given the strain on supply … read more »
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