Electricity supplies could be tight this year after a fire at a key National Grid station cut availability through the link by half.
The blaze erupted at the UK side of the interconnector with France last month.
Today, however, the National Grid moved to reassure Brits that they will be able to get enough gas into the country to see residents through the winter.
Wholesale gas prices have more than doubled in a month, from 150p to 400p per therm.
The hike is likely to be passed on to consumers over the coming months with suggestions bills could rise by £500.
Costs rose worldwide due to lower gas stocks this summer, reduced supply from Russia, the onset of colder temperatures and infrastructure outages.
A report by the National Grid’s Electricity System Operator said the amount of excess capacity expected above peak electricity demand had fallen 8.3% on last winter’s levels.
If excess capacity were to fall, it could trigger significant price spikes by increasing the cost of balancing the electricity system.
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