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Tuesday,22 November 2022 at 16:51
issued a surprise warning on its capacity for tonight as British households
were expected to increase energy consumption during the cold snap.
The notice of its tight electricity margin was sent out warning of a potential
shortage from 7pm, when most people would be returning from work, cooking their
dinner and using household appliances.
The National Grid quickly cancelled the automated warning as it put in place
its contingency systems but experts said it was a signal of "much tighter
The electricity network operator issues the warnings when "there may be
less generation available" than operators expect will be needed "to
meet national electricity demand".
UK & European markets
were slightly higher as investors assessed the economic outlook
and concerns over China’s tightening of Covid restrictions, which are
continuing to pressure output.
The dollar steadied
after rallying the previous day as investors flocked to the safe haven currency
on worries over China’s Covid flare-ups.
after top exporter Saudi Arabia said OPEC+ was sticking with output cuts and
could take further steps to balance the market, outweighing global recession
worries and concern about China’s rising Covid-19 case numbers.
Gold prices snapped a
four-session slump to rise, propped up by a retreat in the
dollar while investors awaited cues on the U.S. Federal Reserve’s monetary
FTSE 100 7,452 +1.03%
FTSE 250 19,422 +0.05%
DAX 14,422 +0.29%
Dow Jones 33,980 +0.83%
S&P 500 3,978 +0.71%
NASDAQ 11,073 +0.44%
UK 10-YR YIELD 3.133
Gold $1,741 +0.25%
Brent $89.18 +1.56%
Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.