National Grid’s chief executive has said he is “not losing sleep” over Britain keeping the lights on and gas flowing this winter, but suggested that other European nations could face rolling blackouts if Russia cuts off the gas. John Pettigrew said that his company was still studying “what could or might happen” in different scenarios and holding talks with the owners of coal power plants that had been due to close over the next few months to see if they could stay open. Asked about the potential impact on Britain, Pettigrew said: “We don’t have 40 or 50 per cent of our gas coming from Russia, which Germany does, Italy does, so rolling blackouts is a sensible thing to be worried about in those countries. Pettigrew, 53, was speaking as National Grid reported an 11 per cent or £392 million jump in underlying operating profits to £4 billion last year, boosted by high demand for its interconnectors — subsea power cables linking Britain and mainland Europe — amid the energy crisis.
Times 20th May 2022 read more »