![]() ![]() The TTF month-ahead price reached a record Eur212.15/MWh on March 8, according to Platts price assessments by S&P Global Commodity Insights. 1 in subsequent years.Ĭoncerns about filling storage sites this summer contributed to record-high prices across Europe in recent months. Under new EU storage rules, member states are required to fill their storage sites to 80% of capacity by Nov. "Falling pipeline supply now remains the key downside risk to Summer-22 storage stock build, with EU mandated targets at risk if further supply disruptions occur," Platts Analytics said. EU stocksĮU storage sites were 57% full as of June 27, according to data from Gas Infrastructure Europe, with stocks totaling 636 TWh (60 Bcm). "If we keep exporting at the current rate until September, Britain's contribution will be equivalent to 15% of European long-term storage," the spokesperson said. Meanwhile the summer refill period could further increase demand on UK gas interconnectors to help refill EU storage. Volumes exported regularly represent over a quarter of gas demand on the national transmission system, they said. " Gas Transmission has been going well beyond its obligations in maximizing the export capacity we make available to mainland Europe through the interconnectors, typically exporting 75 million cubic meters per day over the past few weeks since the war in Ukraine started – compared to our obligated capacity of 60 million cu m/day," they said. The procedures, first published in 1997 and last updated in May 2021, list actions that can be taken in a supply emergency, from use of storage gas and the easing of gas specification rules through to load shedding on interconnectors or via interruptible supply contracts (see chart).Ī final resort ahead of actual supply cuts would be public appeals to domestic and small commercial consumers to use "as little gas as possible", or indeed "to stop using gas", the procedures document shows.įor now, however, the UK market had a role in supporting European storage as far as possible, the National Grid spokesperson said. "The UK is like other European countries in having gas emergency protocols which aim to protect household consumers – these protective measures cover household consumers on the island of Ireland as well as those in the UK," the spokesperson said. ![]() On June 29 the Financial Times reported the UK was ready to cut gas exports to Belgium and the Netherlands in the event of a gas supply emergency, defined as a loss of pressure to consumers. If possible, avoid using fireplaces, clothes dryers and other appliances that use gas, which are not critical to safety or health.Receive daily email alerts, subscriber notes & personalize your experience.Turn your thermostat down just five degrees for residences if you are at home, and to 60 degrees if you are not at home or operating a business.National Guard had these suggestions for gas reduction: Make sure heating vents are not blocked by furniture, carpeting or anything else that could obstruct the flow of heat.Hold off on using appliances such as dishwashers, washing machines and dryers until the conservation request is lifted, if possible. ![]() ![]() Turn off television sets, computers and other appliances that are not in use. Each degree lower reduces energy usage and decreases heating costs. Set thermostats at the lowest comfortable temperature.The companies hoped a voluntary reduction would help keep the lights on - and that appeared to do the trick.Ĭon Ed offered the following conservation tips: National Grid's ask for energy reduction went out to its 1.9 million customers in Brooklyn, Queens, Staten Island and Long Island through Christmas afternoon. "The call for conservation covers Con Edison’s 1.1 million natural gas, 3.5 million electric customers and its steam customers in Manhattan and will remain in effect until further notice," the Con Edison's Saturday alert read. Get Tri-state area news and weather forecasts to your inbox. ![]()
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