Follow us at @BloombergUK and on Facebook, and wrap up your day with The Readout newsletter with Allegra Stratton. The UK faces a “significant risk” of gas shortages this winter and could enter an emergency that would see power stations switched off, according to regulator Ofgem. A second stage of a network gas supply emergency would enforce “load shedding” on the largest users such as gas-fired stations, Ofgem’s head of wholesale market management, Grendon Thompson, said in a letter accepting a request by generator SSE Plc that the regulator should urgently address the risk of possible insolvencies. Russia has squeezed gas flows to Europe in retaliation for sanctions imposed by the West following Moscow’s invasion of Ukraine. That’s curbed global gas supply and increased competition […]