Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Britain will have enough energy this summer despite Iran turmoil, grid operators say
    Finance

    Britain Will Have Enough Energy This Summer Despite Iran Turmoil, Grid Operators Say

    Published by Global Banking & Finance Review®

    Posted on April 13, 2026

    3 min read

    Last updated: April 14, 2026

    Add as preferred source on Google
    Britain will have enough energy this summer despite Iran turmoil, grid operators say - Finance news and analysis from Global Banking & Finance Review
    Tags:FinanceBankingMarketsEnergyUK

    Quick Summary

    Britain’s gas and electricity networks report sufficient supply this summer (April 1–September 30), despite declines in North Sea output and Middle East disruptions. LNG imports from other regions and ramped‑up Norwegian pipeline flows underpin stability; Ofgem caps shield consumers.

    Table of Contents

    • Energy Supply Outlook for Summer 2026
    • Gas Supply and Market Resilience
    • Alternative Sources of Gas
    • Impact of Global Events on Prices
    • Electricity Supply and Demand
    • Renewable Output and Demand Management
    • Forecasts and Future Outlooks

    Britain's Gas and Electricity Supply Secure for Summer Amid Iran Turmoil

    Energy Supply Outlook for Summer 2026

    By Susanna Twidale

    LONDON, April 14 (Reuters) - Britain will have enough gas and electricity supply this summer, the country’s network operators said on Tuesday, despite declining domestic gas production and fears over energy supplies from the Middle East.

    Conflict in the Middle East has disrupted energy shipments through the Strait of Hormuz and halted Qatari LNG production, which accounts for around a fifth of global liquefied natural gas supply.

    Gas Supply and Market Resilience

    “While the situation in the Middle East has understandably raised questions about Britain’s gas supplies, our forecasts indicate the market has the capacity to deliver sufficient supply to meet demand this summer,” Glenn Bryn-Jacobsen, director of energy systems and resilience at National Gas, said in a statement with its Gas Summer Outlook for 2026.

    Alternative Sources of Gas

    ALTERNATIVE SOURCES

    Domestic gas supply from the UK Continental Shelf is expected to be 6% lower than last summer, at 13.1 billion cubic metres, reflecting years of declining North Sea output.

    Imports of gas from Norway are expected to rise by 24% to 12.2 bcm, while imports of LNG from other countries are expected to soar by 65% to 2.7 bcm, National Gas said.

    Impact of Global Events on Prices

    Wholesale gas prices are up 50% since the start of the conflict, forcing Britain to pay more to attract LNG cargoes from alternative sources.

    “The duration of these higher prices will depend on how long it takes Qatari production to recover and shipping to resume through the Strait of Hormuz,” the outlook said.

    Domestic energy consumers will be protected from the higher wholesale prices by regulator Ofgem’s price cap nL4N3ZL0GF, with the current level set until the end of July.

    Total gas demand is expected to be similar to last summer, around 29.8 bcm.

    Gas-fired power plants typically provide around 30% of the country’s electricity but demand is volatile over the summer months, National Gas said, depending on the availability of wind and solar power.

    Electricity Supply and Demand

    SURPLUS ELECTRICITY EXPECTED

    Renewable Output and Demand Management

    Strong wind and solar power output and seasonally lower demand mean Britain is likely to see a surplus of electricity supply this summer, the National Energy System Operator said in its outlook.

    NESO, which is responsible for the country's electricity networks, said it had increased flexibility, such as measures to encourage customers to shift demand to times when supply is high, with some energy suppliers paying customers, usually via money off their bills, to use extra energy at certain times.

    Forecasts and Future Outlooks

    Peak summer electricity demand is forecast at 29.7 gigawatts, unchanged from 2025.

    The outlooks cover the period from April 1 to September 30, when gas and electricity demand is typically lower.

    Winter outlooks covering October to March, to be published later in the year, could reflect greater impact from the Middle East crisis, the operators said.

    (Reporting by Susanna Twidale; Editing by Alison Williams)

    Key Takeaways

    • •National Gas forecasts UK Continental Shelf gas output down ~6% year‑on‑year to 13.1 bcm this summer, but Norwegian pipeline imports rising ~24% and LNG imports up ~65% compensate for the shortfall.
    • •Wholesale prices are up ~50% due to Middle East conflict-induced supply disruptions, but Ofgem’s price cap (covering until end‑July) protects domestic consumers.
    • •Strong wind and solar generation, alongside lower seasonal demand, should result in surplus electricity; the National Energy System Operator has encouraged demand-shifting incentives to maintain grid flexibility.

    References

    • INSIDE STORY: Ebbing North Sea gas production to raise UK gas prices, exposure to LNG imports | ICIS
    • Growth in global demand for natural gas is set to accelerate in 2026 as LNG wave spreads through markets - News - IEA
    • Record Wind Output Fails to Stop UK Energy Price Surge | OilPrice.com
    • 2026 Iran war fuel crisis

    Frequently Asked Questions about Britain will have enough energy this summer despite Iran turmoil, grid operators say

    1Will Britain have enough gas and electricity supply this summer?

    Yes, network operators forecast sufficient gas and electricity supply for Britain, despite conflict in the Middle East.

    2How has the Middle East conflict affected Britain's energy imports?

    Conflict has disrupted shipments and halted Qatari LNG production, leading to higher gas prices and a shift to alternative LNG sources.

    3What are the alternative sources for Britain's gas supply?

    The UK will increase gas imports from Norway by 24% and boost LNG imports from other countries by 65% to offset lower domestic production.

    4Will domestic energy consumers in Britain face higher prices?

    Consumers are protected from wholesale gas price increases by Ofgem's price cap, currently set until the end of July.

    5Is Britain expected to have a surplus or deficit in electricity supply this summer?

    Britain is likely to see a surplus of electricity supply this summer due to strong wind and solar power output and lower seasonal demand.

    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Finance

    Explore more articles in the Finance category

    Image for HSBC chair says Middle East peace deal needed to restore global energy flows
    HSBC Chair Says Middle East Peace Deal Needed to Restore Global Energy Flows
    Image for Stocks gain, oil and dollar retreat on hopes for US-Iran resolution
    Stocks Gain, Oil and Dollar Retreat on Hopes for US-Iran Resolution
    Image for Dollar steady as US blocks Iranian ships, talks continue
    Dollar Steady as US Blocks Iranian Ships, Talks Continue
    Image for Rising fuel prices weigh on UK consumers, surveys show
    Rising Fuel Prices Weigh on UK Consumers, Surveys Show
    Image for Surging petrol prices drive record EV sales in Europe in March
    Surging Petrol Prices Drive Record Ev Sales in Europe in March
    Image for US crude futures fall over $1 as traders weigh supply risks
    US Crude Futures Fall Over $1 as Traders Weigh Supply Risks
    Image for UK's Reeves to hammer home her strategy to peers at IMF summit
    UK's Reeves to Hammer Home Her Strategy to Peers at IMF Summit
    Image for EU agrees on near-halving of steel imports
    EU Agrees on Near-Halving of Steel Imports
    Image for Bending Spoons cuts Eventbrite staff, rolls out product changes after takeover
    Bending Spoons Cuts Eventbrite Staff, Rolls Out Product Changes After Takeover
    Image for Trading Day: US stocks gain, dollar dips on hopes for Iran war negotiations
    Trading Day: US Stocks Gain, Dollar Dips on Hopes for Iran War Negotiations
    Image for Exclusive-HSBC hires ICBC Standard Bank trader to lead global metals trading, sources say
    Exclusive-HSBC Hires ICBC Standard Bank Trader to Lead Global Metals Trading, Sources Say
    Image for EU plans more fuel subsidies to tackle Iran war price spikes
    EU Plans More Fuel Subsidies to Tackle Iran War Price Spikes
    View All Finance Posts
    Previous Finance PostSurging Petrol Prices Drive Record Ev Sales in Europe in March
    Next Finance PostUS Crude Futures Fall Over $1 as Traders Weigh Supply Risks