Gas and Power Supplies to Exceed Demand This Summer
National Grid’s Summer Outlook Report expects gas and power supplies to exceed demand this summer. All power, gas and commodity prices rise, with several contracts reaching multi-year highs.
Last week we saw National Grid publish their Summer Outlook Report for 2018 which showed both gas and power supplies exceeding their demand. Despite all of this, all power, gas and commodities prices rose last week with several contracts reaching new multi-year highs. Moving away from the wholesale market, UK Research and Innovation announced a new fund to develop and test future smart energy systems. There will be up to £41.5mn available at the very first funding opportunity.