The cost of interconnector capacity to Britain is the most expensive in Europe, according to new research from EnAppSys. In May, the export of energy from Belgium to Great Britain was 19.42€/MW/h within the monthly auctions hosted on the Joint Allocation Office (JAO) trading platform, the most expensive in the continent. This was followed by the IFA1 interconnector, which connects France and Great Britain and saw costs of 18.53€/MW/h for capacity.
Current 14th June 2021 read more »
UK and Norway complete world’s longest subsea electricity cable. The world’s longest undersea electric cable is set to be switched on this week, as testing begins for the 720km interconnector that will trade power between the UK and Norway. Electricity will start flowing through the €2bn North Sea Link in coming days, with the joint venture between the UK’s National Grid and Norway’s Statnett due to begin formal operations in October. Interconnectors are a key part of the UK strategy for cutting emissions and boosting offshore wind because they allow the UK grid to share or import power depending on supply and demand.
FT 15th June 2021 read more »