Britain plans for organised blackouts in January – Bloomberg News – Reuters UK

Electricity pylons are seen in Wellingborough, Britain, March 30, 2022. REUTERS/Andrew Boyers
Aug 9 (Reuters) – Britain is making plans for organised blackouts for industry and households over winter when cold weather may coincide with gas shortages, Bloomberg News reported on Tuesday.
Electricity capacity shortfall could total about a sixth of peak demand, according to the government's latest "reasonable worst-case scenario," even after emergency coal plants have been put to use, Bloomberg reported, citing people familiar with the government's planning. (https://bloom.bg/3Qf8O2P)
Under that outlook, coupled with below-average temperatures and reduced electricity imports from Norway and France, Britain could be exposed to four days in January when it may need to trigger emergency measures to conserve gas, the report said.
The Department for Business, Energy and Industrial Strategy did not immediately respond to a Reuters request for comment.
The Bloomberg report comes after the Bank of England warned last week that Britain was on course for a long recession as unprecedented energy prices push inflation towards 13%, but any political response has been hampered by the race to select a new prime minister on Sept. 5.
While European governments seek to conserve gas usage and increase storage following Russia's invasion of Ukraine, Britain's government has split into warring camps led by Foreign Minister Liz Truss and Former Finance Minister Rishi Sunak who, competing to be the next prime minister, have clashed over how to respond.
Charities, business groups and politicians have called on Truss and Sunak to set out how they would help Britons cope with a forecast 82% rise in energy prices in October. read more
Our Standards: The Thomson Reuters Trust Principles.
Just 1% of British businesses have offered their staff a one-off cost-of-living payment, something the Bank of England had recently flagged as an upside risk for inflation pressure, an official survey of businesses showed on Thursday.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile.
Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2022 Reuters. All rights reserved

source

Leave a Comment