Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

UK's National Grid to bring back 500 MW at IFA1 interconnector

Published 20/10/2021, 17:58
Updated 20/10/2021, 22:40
© Reuters. FILE PHOTO: Migrating starlings fly at dusk past electricity pylons silhouetted by the sunset of a clear autumn evening in the Kent countryside,  in Graveney, Britain, October 26, 2015.  REUTERS/Dylan Martinez/File Photo

(Reuters) -Britain's National Grid (LON:NG) said it will make 500 megawatts (MW) of capacity at its IFA1 interconnector between Britain and France available on Wednesday before ramping up to 1 gigawatt (GW) on Thursday.

Wholesale power and gas prices rose last month, squeezing already tight UK electricity supply further, after the IFA1 interconnector was damaged by a fire in Kent, affecting half, or 1 GW, of its capacity.

The other 1 GW capacity was already offline due to planned maintenance which was due to come back online on Wednesday.

Elexon data https:// shows that on Wednesday 500 MW of that capacity would come back online by 1759 GMT and the other 500 MW would follow on Thursday by 0759 GMT.

Last week, National Grid said the remaining 1 GW, which was affected by the fire, remains offline, with a partial return to service planned from 2022.

The grid plans to bring 500 MW back to service from October 2022 through to May 2023, which would result in 1500 MW of available capacity going into next winter, it said in an emailed response.

"We will then take 500 MW offline to undertake further work in order to bring the full 2000 MW back by October 2023."

The IFA2 interconnector, a second link between Britain and France commissioned in 2020, is operating and not affected.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.