{"id":1842,"date":"2023-02-28T09:23:52","date_gmt":"2023-02-28T09:23:52","guid":{"rendered":"https:\/\/reports.electricinsights.uk\/?p=1842"},"modified":"2023-02-28T09:47:35","modified_gmt":"2023-02-28T09:47:35","slug":"correction-britains-gas-demand-is-falling","status":"publish","type":"post","link":"https:\/\/reports.electricinsights.co.uk\/?p=1842","title":{"rendered":"Correction: Britain\u2019s gas demand is falling"},"content":{"rendered":"\n<p><strong>Dr Iain Staffell, Professor Richard Green, Professor Tim Green and Dr Malte Jansen&nbsp;&#8211; Imperial College London, Dr Malte Jansen &#8211; University of Sussex, Professor Rob Gross &#8211; UK Energy Research Centre<\/strong><\/p>\n\n\n\n<p>In last quarter\u2019s Electric Insights, we commented on the surprising lack of a reduction in gas demand in response to high gas prices.&nbsp;&nbsp;This was based on downloading the&nbsp;<em>\u201cGas Demand \u2013 Actual\u201d<\/em>&nbsp;statistics from National Grid.&nbsp;&nbsp;We incautiously assumed that this was a time series of the actual demand for gas, but on further investigation we found it is instead a series of estimated demand levels, based on a model that assumes demand responds to the weather, but not to price.&nbsp;&nbsp;British utilities have form in this area: the Electricity Pool in the 1990s used demand forecasts that explicitly prohibited any consideration of demand responding to the level of power prices.&nbsp;&nbsp;Other time series of gas quantities are available from National Grid, and these do show a noticeable response to the high prices of 2022, more in line with the experience in other European countries.<\/p>\n\n\n\n<p>We must apologise for this oversight, and thank the reader who pointed this out.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In last quarter\u2019s Electric Insights, we commented on the surprising lack of a reduction in gas demand in response to high gas prices. <\/p>\n","protected":false},"author":3,"featured_media":1914,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[],"class_list":["post-1842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-q4-2022"],"acf":[],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/reports.electricinsights.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/reports.electricinsights.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/reports.electricinsights.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/reports.electricinsights.co.uk\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/reports.electricinsights.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1842"}],"version-history":[{"count":4,"href":"https:\/\/reports.electricinsights.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1842\/revisions"}],"predecessor-version":[{"id":1904,"href":"https:\/\/reports.electricinsights.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1842\/revisions\/1904"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/reports.electricinsights.co.uk\/index.php?rest_route=\/wp\/v2\/media\/1914"}],"wp:attachment":[{"href":"https:\/\/reports.electricinsights.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reports.electricinsights.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reports.electricinsights.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}