Risk of ‘very high prices’ and electricity supply shortages – but the lights will stay on, National Grid says

The power network’s electricity system operator (ESO) said it expects supply to be tight at times this winter, most likely in the first half of December.

The UK could face “very high prices” with experts warning household bills could rise to £3,850 this winter due to electricity supply shortages – but the lights will stay on, the National Grid has said.

Households are already paying £1,971 per year for energy bills after the price cap was increased in April

The cap is forecast to rise by 74% to £3,420 in October – a much higher sum than the £2,800 predicted in May by Ofgem, the energy regulator, before hitting £3,850 in January.

BFY Group, a utilities consultancy, said households could see energy bills of £500 for the month of January alone.

The power network’s electricity system operator (ESO) said it expects supply to be tight at times this winter, most likely in the first half of December.

When this happens, the UK is set to pay higher prices to ensure it gets the electricity needed from abroad, the ESO said in a report.

Jess Ralston, senior analyst at the Energy and Climate Intelligence Unit, said: “We may well get through the winter without major incident but the gas bill at the end will likely be extortionate.

Read more: skynews

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