UK on brink of energy disaster as Norway could cut power to Britain due to ‘lack of rain’ | Politics | New

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In October, energy prices in the UK are expected to rise by 70%, bringing the average annual bills for dual-fuel households covering both gas and electricity to over £3,359. Countries in Europe have seen energy prices increase following the increase in wholesale prices, which has been blamed on Russia.

While the UK is only dependent on Russia for 4% of its use, its sources across the continent have started refusing to send power due to rising costs.
Now, Norway’s electricity supply to Britain could be cut off due to a lack of rain, according to the country’s energy minister.
Terje Aasland said Norway plans to limit electricity exports because the hydroelectric reservoirs used to generate 90% of its supplies are low.
He told energy news site Montel: “We are looking at how to limit exports in situations where reservoir fills get extremely low.
“Then we have to guarantee enough energy for our national consumption.”

While the UK is only dependent on Russia for 4% of its use, its sources across the continent have started refusing to send power due to rising costs.

Now, Norway’s electricity supply to Britain could be cut off due to a lack of rain, according to the country’s energy minister.

Terje Aasland said Norway plans to limit electricity exports because the hydroelectric reservoirs used to generate 90% of its supplies are low.

He told energy news site Montel: “We are looking at how to limit exports in situations where reservoir fills get extremely low.

“Then we have to guarantee enough energy for our national consumption.”

Norway could reduce the amount of energy it sends to Britain due to a

Norway could cut the amount of energy it sends to Britain due to ‘lack of rain’ (Image: GETTY)

Terje Aasland plans to limit electricity exports as hydroelectric reservoirs are low

Terje Aasland plans to limit electricity exports as hydroelectric reservoirs are low (Image: GETTY)

About half of the UK’s gas comes from the North Sea and a third comes from Norway.

Reservoir levels in Norway are at 49.3%, compared to a seasonal average of 74.4%.

An undersea ‘interconnect’ cable between Norway and Britain, which was completed last year at a cost of £1.4billion, can provide enough electricity for £1.4million of British homes.

National Grid previously assumed that this cable would be available when needed this winter.

Phil Hewitt of EnAppSys, a consultancy, told The Times of Norway of the reductions planned by The Times of Norway: “The current tight situation in Britain’s electricity markets for this winter is now threatened by more uncertainty of what was thought to be one of the most reliable sources of imported electricity.”

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1/3 of UK's energy comes from Norway, which sources 90% from reservoirs

1/3 of UK’s energy comes from Norway, which sources 90% from reservoirs (Picture: EXPRESS)

Cornwall Insights said in October bills could top £3,359

Cornwall Insights said in October bills could top £3,359 (Picture: EXPRESS)

It comes after analysts at Cornwall Insights said October bills could top £3,359 and remain high until 2024.

A review of support for upcoming price cap periods should be high on the to-do list for any new premier, said Craig Lowrey, senior consultant at Cornwall Insight.

Cornwall Insight added that the cap is expected to rise again in January, to £3,616 per year, and remain above £3,000 per year until at least 2024.

Addressing the Rishi Sunak measures announced in May, Mr Lowrey added: ‘Our new figures show that even increased support for October will do little in what is likely to be an extended period of high energy bills.’

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The cap is set to rise to £3,616 a year and stay high until 2024

The cap is set to rise to £3,616 a year and stay high until 2024 (Picture: EXPRESS)

While still Chancellor, Mr Sunak announced a £15billion household support package, saying every household would receive a £400 credit on the energy bill when the price cap rises in october.

Mr Sunak also said he would temporarily scrap value added tax (VAT) on energy bills, currently at 5%, if he becomes leader.

Ms Truss, meanwhile, said she would end green levies on bills, which would reduce bills by less than 8%.

Europe saw prices rise on higher wholesale costs, blamed on Russia

Europe saw prices rise on higher wholesale costs, blamed on Russia (Picture: EXPRESS)

On Wednesday, Martin Lewis issued a “grim” warning that some fixed energy deals that look “appallingly” expensive could now be the best prices available.

Mr Lewis wrote on his MoneySavingExpert website: “The UK energy market is down. The theory is that we’re supposed to benefit from competition, but there hasn’t been – instead, we effectively have high prices imposed by regulation.

“Yet there are opportunities to act to help, not because there are bargains out there, but because the latest analysis is that the future looks even WORSE, with the forecast of the next cap of price which continues to rise, so it is now much higher than even a few months ago.

“This means that some extremely expensive patches now seem to be winners.”



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