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Future of British Business

UK Grid Prepares to Pay Firms Cash to Cut Power Use Next Winter

  • National Grid asked companies how much demand they can cut
  • Payments on offer were as high as £6,000 a megawatt-hour

National Grid Plc is asking UK companies how much electricity demand they will be able to cut next winter to help keep the lights on. 

The network manager sent a request to some firms last week, asking for details and how much they would need to be paid to reduce operations, according to a document seen by Bloomberg. It didn’t disclose how many companies were asked.