Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Britain's National Grid cancels capacity market notice

Published 11/08/2022, 14:25
Updated 11/08/2022, 17:36
© Reuters. FILE PHOTO: Migrating starlings fly at dusk past electricity pylons silhouetted by the sunset of a clear autumn evening in the Kent countryside,  in Graveney, Britain, October 26, 2015.    REUTERS/Dylan Martinez

LONDON (Reuters) -Britain's National Grid (LON:NG) on Thursday cancelled a notice made earlier in the day, which said it expected Britain's electricity supply margin to be below a threshold needed to balance the country's energy system.

The grid operator had triggered a capacity market notice (CMN) on Thursday for 1800 local time.

The National Grid Electricity System Operator (ESO) said if safe margins for operating the power system are reduced, a capacity market notice is issued as an alert to power suppliers which are paid to make sure electricity generation is available when demand is high.

© Reuters. FILE PHOTO: Migrating starlings fly at dusk past electricity pylons silhouetted by the sunset of a clear autumn evening in the Kent countryside,  in Graveney, Britain, October 26, 2015.    REUTERS/Dylan Martinez

The cancellation of the request means it now expects to have adequate capacity for the period.

National Grid is responsible for ensuring supply and demand are balanced in Britain’s energy systems.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.