U.K. Power Prices Jump After National Grid Warns of Supply Risks
- Next week seen as crunch point for balancing supply and demand
- Cool weather is lifting demand while low wind reduces supply
An employee monitors output at the National Grid Plc.
Photographer: Simon Dawson/Bloomberg
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U.K. power prices rose to a four-year high after the U.K. grid operator warned that its safety buffer of supplies is almost eroded for Sunday night.
National Grid Plc said it’s “monitoring the situation closely” in a warning published on Twitter. The network operator stopped short of issuing an official alert called an Electricity Margin Notice, last triggered on Thursday, which is published when the normal safety margin for operating the system shrinks below the level permitted by the government.