Britain should brace itself for a winter of tight electricity supplies that will force National Grid to use its last-resort measures and push wholesale prices up, according to a new analysis. Figures from Enappsys, which monitors wholesale electricity market data, show the grid will have an even more difficult job keeping the lights on than last year, when it took new emergency measures for the first time. They show that for long periods, generators are likely to be able to charge dozens of times the usual wholesale price – costs that will filter down to consumers. Enappsys warned that some small suppliers may not be able to afford a sudden rise in costs and may even be driven out of business. Phil Hewitt, a director at Enappsys, said: “If the winter is harsh things will get very expensive.
FT 13th June 2016 read more »