National Grid warns UK could import 90pc of its gas by 2035 July 9, 2014 A failure to invest in UK gas production could see dependency on imports rise to 90 per cent by 2035, National Grid warned today. The forecast from the power network comes amid growing fears about the UK’s energy security, with the spare margin between demand and supply set to narrow to a mere two per [...]
National Grid says power row hurts spending November 21, 2013 NATIONAL Grid has trimmed its investment plan for next year and warned that political wrangling over energy policy is stopping power companies from starting new projects. The FTSE 100 firm, which distributes gas and electricity across England and Wales, expects to spend £3.5bn on upgrades next year, down from the £3.6bn to £3.9bn it had [...]