British government expects next few days to be challenging
Smoke billows from a fire at the National Grid's IFA interconnector site in Sellindge, England, on Wednesday. The fire at the electricity converter station has shut down a cable that brings power from France to Britain. Picture: BLOOMBERG/EDWARD EVANS
Adding to pressure on energy prices, a cable that was knocked out last week after a fire at a converter station will not be back online for another month. National Grid said late on Monday that half the capacity of the IFA-1 UK-France line will come online on October 23, a month later than previously thought. Full capacity of 2,000MW is not expected until March 27.Five to eight energy companies could go under this winter. He does not want to use taxpayer funds to bail them out.
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