The UK’s National Grid is exploring the idea of paying companies in Britain to use less electricity next winter as part of measures to conserve gas and avoid blackouts, Bloomberg reported on Thursday, quoting a document it had seen. National Grid has sent requests to some companies, asking them how much money they would be willing to accept in order to reduce their power consumption from the national power grid this coming winter, Bloomberg reports. Possible payments could start from $121 (£100) per megawatt-hour (MWh) to $7,274 (£6,000) per MWh, according to the document seen by Bloomberg. Natural gas accounts for more than one-third of the UK’s power generation. On Monday, for example, gas generated 47.2% of Great Britain’s electricity , more than wind whose share was at 24.1%, nuclear at 16.7%, solar 6.3%, biomass 2.8%, hydro 1.5%, and power imports 1.4%, National Grid ESO data showed. Although the […]