Key U.K. Power Cable Will Be Partly Knocked Out Until March

  • Surging power prices risk inflation and economic hit
  • Some capacity could come back at end of the month, grid says
Firefighters are battling a large fire at a key electricity converter station in the U.K. that has interrupted flows on a major cable that brings power from France to Britain. (Source: Bloomberg)
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A key U.K. power cable knocked out by a fire will stay partly offline until March, National Grid Plc said, deepening the energy crisis threatening Britain as it heads into winter.