Can U.K. Keep the Lights On? Power Market Says Don't Panic Yet
- Power plants halts and outages caused supply squeeze
- Network operator says it has ways to meet winter power demand
Commuters walk past buildings illuminated at night in the Canary Wharf business, financial and shopping district of London, U.K., on Oct. 28, 2015.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
Will the lights go off in Britain this winter?
After a combination of low wind generation and unplanned plant outages pushed the U.K.’s electricity grid operator to take action to manage a supply squeeze on Wednesday, the threat resurfaced of the first power cuts since 2007. Yet traders have signaled consumers needn’t be scared yet.