A fire at National Grid’s IFA1 interconnector site in Sellindge is to see power prices once again spike in the UK as 1GW of capacity drops off the system.
GB's period of high power prices shows no signs of abating with the day-ahead auction for Tuesday (14 September) clearing at new records across the board.
Power prices in Britain have spiked dramatically, with day-ahead auctions clearing at £731/MWh for today's evening peak amidst what industry analysts have labelled a "perfect shoulder month storm".
Electricity prices have been driven up by the re-launch of Short-Term Operating Reserve (STOR) as a day-ahead service, according to new data from EnAppSys.