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.
Trading through interconnectors is set to be included in the upcoming Brexit negotiations between the UK and the European Union, after an energy agreement was included in government plans.
The UK will have no problem meeting energy demands throughout this winter thanks to a surplus in generation according to the National Grids Winter Outlook report, released on the 9 October.
Britain’s high carbon prices look set to drive more prolonged periods without coal generation, but the country is still reliant on coal power from overseas, energy analyst firm EnAppSys has claimed.