The assurance from the National Energy System Operator comes amid concern from its engineers about their ability to ensure adequate supply.
Lights will stay on this winter, grid operator says after concerns

Related stories
Volvo Cars shares plunge 31% amid China, U.S. slump and fresh job cuts
The Swedish automaker cited a deteriorating environment led by "tougher" market conditions in China and the U.S., which "negatively affected free cash flow."

UK consumer confidence falls at fastest rate since Brexit vote as cost of living bites
Economic fallout from war in Middle East adds to pressures on consumers and on chancellor before budget Consumer confidence in the UK has fallen at the fastest rate outside the Covid pandemic since the 2016 Brexit vote as the escalating economic damage from the war in the Middle East hits Britain. With less than a week before John Healey’s first budget, the latest barometer from the data company GfK indicated confidence plunged by 11 percentage points in October to -24 amid pressure on consumers from the rising cost of living. Continue reading...

Oil hits five-month high as global stocks wobble on AI fears; retail sales in Great Britain fall as shoppers cut back - business live
Rolling coverage of the latest economic and financial news And pressure continues to build this morning, with oil prices rising again . Brent crude, the international benchmark for oil, is up 1% this morning to $114 a barrel. Richard Hunter , of the broker Interactive Investor , points out that oil is now up by about 60% since the start of the US-Israeli war against Iran, and up around 90% in the year so far. Widespread reports that the US is considering renewed military strikes on Iran after the midterm elections rather than pursuing a diplomatic route was enough for the price to pop, after what many had considered would be a brief conflict is now in its eighth month. At the same time, the attacks on Saudi Arabia’s facilities by Houthi rebels have intensified this week, and for ships attempting to cross the strait of Hormuz, it’s still a dangerous journey, with projectiles still be fire
Defense giant Saab sees orders triple after Gripen fighter jet deal with Ukraine
European governments race to turn defense spending pledges into military capability, boosting companies' order books.
SK Hynix shares rebound after initial drop on scrapped Solidigm IPO plans
SK Hynix shares rebound after an inital drop in early trading, following halted review of Solidigm IPO plans in the U.S.

Britain’s gas security needs reinforcement. Last-minute deals with Belgium are not a proper fix
The UK still imports 60% of its gas and, even with Jackdaw, its energy supply and resilience problems are not going away After the overdue approval of the Jackdaw field in the North Sea, here comes a reminder that Britain still imports almost 60% of its gas and the stuff has to come from somewhere. We’re now doing a deal with Belgium to ensure enough supply can flow through a connecting pipeline this winter should a “low-probability but high-impact stress event”, to quote the regulatory mouthful, occur. To be fair, the arrangement to maintain capacity from Belgium is a belt-and-braces measure. The imagined events do sound genuinely stressful and may never happen. A critical piece of infrastructure, such as the two import terminals in Milford Haven to bring in liquefied natural gas (LNG) into Britain, would have to be out of action during a prolonged cold snap in which demand is very high