Damaged cable cuts power supply from France by half, leaving Britain with almost no spare capacity
Smoke from a large fire at the National Grid Plc's IFA interconnector site in Sellindge, UK on Wednesday, September 15 2021. Picture: BLOOMBERG/EDWARD EVANS
“If we don’t start to remedy the situation we are going to be facing blackouts this winter,” Catherine Newman, CEO of Limejump, a unit of Royal Dutch Shell, said on Bloomberg TV on Thursday. “If things don’t start to reverse soon we will see industry getting turned off across the board.”“If anything goes wrong, we might not have anything left in the back pocket,” said Tom Edwards, a consultant at Cornwall Insight, an adviser to the government and utilities.
Now supply from France is set to be diminished. With half of the cable’s capacity expected to be cut off until the end of March 2022, the shortage will affect prices well into next year. The rest of the capacity is set to come online by September 25, but that will depend on the extent of the damage and whether the cable can be operated safely.
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