UK

Britain’s gas storage levels ‘concerningly low’ after cold snap, says owner of British Gas

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Britain’s gas storage levels are “concerningly low” with less than a week of demand in store, the operator of the country’s largest gas storage site said on Friday.

Plunging temperatures and high demand for gas-fired power stations are the main factors behind the low levels, Centrica said.

The UK is heavily reliant on gas for its home heating and also uses a significant amount for electricity generation.

As of the 9th of January 2025, UK storage sites are 26% lower than last year’s inventory at the same time, leaving them around half full,” Centrica said.

“This means the UK has less than a week of gas demand in store.”

The firm’s Rough gas storage site, a depleted field off England’s east coast, makes up around half of the country’s gas storage capacity.

Gas storage was already lower than usual heading into December as a result of the early onset of winter.

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Combined with stubbornly high gas prices, this has meant it has been more difficult to top up storage over Christmas.

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