Risk of blackouts this winter

National Grid warned this week that Britain was at its greatest risk of a winter power blackout in half a decade.

National Grid warned this week that Britain was at its greatest risk of a winter power blackout in half a decade. A cold snap this winter would see demand for electricity reach 95% of supply, the thinnest safety buffer, or margin, predicted by the Grid in half a decade. The margin has fallen by nearly 50% in the past year alone, largely because there has been a near-20% drop in the number of coal-fired power stations. John Longworth, director-general of the British Chambers of Commerce, fears that the energy squeeze, and the absence of a long-term plan to address it, will start undermining growth in the next ten years.

What the commentators said

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.