UK Budget forecasts assume ministers approve new North Sea discoveries holding ~1.2bn barrels of oil and gas, beyond Jackdaw and Rosebank. Skip the approvals and the Treasury risks a multibillion-pound fiscal hole. #NorthSea#UK#OilandGas
National Grid will invest up to £400M ($532M) to keep the UK-France IFA power link running until at least 2050. Britain's largest subsea interconnector can power about 3M homes and gives access to cheaper French nuclear. #UK#France#Electricity
Chancellor John Healey is expected to offer energy subsidies and an extended fuel duty freeze in his Budget as Gulf trade disruption feeds inflation, while economists say he will delay tough calls on defence spending until 2027. #UK#Energy#Budget
Britain is paying up to £50 million a day to balance its grid, switching off wind farms and firing up gas plants because transmission lines can't carry the power. September's £505 million bill was a record, and consumers pay it. #UK#Grid#Energy
UK grid operator NESO sees no risk of power or gas outages this winter, forecasting a 5.5 GW electricity surplus, an 8.8% buffer over peak demand. Security comes at a cost: front-month gas prices are up 180% since February. #UK#NaturalGas#Energy
