Rolling coverage of the latest economic and financial news
Energy news (2): Britain’s electricity grid operator has warned that the power supply could be squeezed tonight, as the country continues to swelter.
The National Energy System Operator (Neso) has issued an Electricity Margin Notice (EMN) for this evening – a sign that it fears a power supply crunch, and wants producers to provide more energy.
This is due to the impact of extremely high temperatures affecting Great Britain and the continent.
“An Electricity Margin Notice (EMN) has been issued to the market. This is a routine tool, and means we are asking market participants to make any additional generation capacity they may have available.”
“Forty years after the country’s last pumped storage facility, this government is getting Britain building again.
“The lesson from the conflict in Iran is clear: Britain cannot afford to remain at the mercy of volatile fossil fuel markets and leave families exposed to the next price shock.
Continue reading...
