{"id":30799,"date":"2021-09-16T11:45:59","date_gmt":"2021-09-16T11:45:59","guid":{"rendered":"https:\/\/350ppm.co.uk\/?p=30799"},"modified":"2021-09-16T11:45:59","modified_gmt":"2021-09-16T11:45:59","slug":"uk-power-prices-soar-after-key-cable-hit-by-blaze-bbc","status":"publish","type":"post","link":"https:\/\/350ppm.co.uk\/blog\/uk-power-prices-soar-after-key-cable-hit-by-blaze-bbc\/","title":{"rendered":"UK power prices soar after key cable hit by blaze – BBC"},"content":{"rendered":"\n

A key electricity cable between Britain and France has been shut down, sending wholesale energy prices soaring.<\/strong><\/p>\n\n\n\n

National Grid said a fire and planned maintenance at a site near Ashford in Kent means the cable will be totally offline until 25 September.<\/p>\n\n\n\n

Half of its capacity, or one gigawatt (GW) of power, is expected to remain unavailable until late March 2022.<\/p>\n\n\n\n

On Wednesday, British electricity prices for the following day jumped by 19% to \u00a3475 per megawatt hour (MWh).<\/p>\n\n\n\n

Earlier this month, energy regulator Ofgem warned that UK household energy bills would be affected by soaring prices of fossil fuels globally.<\/p>\n\n\n\n

The energy regulator told the BBC that increasing prices<\/a>, for gas in particular, “will feed into all customer energy bills in the UK”.<\/p>\n\n\n\n

The price cap, which limits the price firms can charge customers who have not recently changed their energy tariff,\u00a0will increase in October<\/a>\u00a0in order to cover rising wholesale costs.<\/p>\n\n\n\n

National Grid reassures<\/h2>\n\n\n\n

The fire at the Interconnexion France-Angleterre (IFA) site broke out in the early hours of Wednesday. The site was evacuated and there were no reports of casualties.<\/p>\n\n\n\n

After the fire an electricity interconnector running under the English Channel was “not operating”, the National Grid said in a statement.<\/p>\n\n\n\n

Electricity interconnectors<\/a> are high-voltage cables that connect the electricity systems of neighbouring countries, and allow them to share excess power.<\/p>\n\n\n\n

A spokesperson for National Grid’s electricity system operator, which balances power supplies in the UK, said it expects to “continue supplying electricity safely and securely” despite the incident.<\/p>\n\n\n\n

The link can carry up to 2GW of power, and had been importing electricity from France in recent days, after UK prices hit a record high of \u00a3540 per MWh on the wholesale energy market.<\/p>\n\n\n\n

To read the complete story, please click the link below:<\/p>\n\n\n\n

\n
Complete Story – BBC<\/strong><\/a><\/div>\n<\/div>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

A key electricity cable between Britain and France has been shut down, sending wholesale energy prices soaring. National Grid said a fire and planned maintenance at a site near Ashford in Kent means the cable will be totally offline until 25 September. 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