7:30 AM - 3:00 pm
2057 N Los Robles Ave

UK on brink of power catastrophe as Norway may reduce energy to Britain over ‘lack of rain’ | Politics | Information

Ukraine: Vitality may trigger ‘fragmentation’ of unity, says Melvin

In October, power costs within the UK are anticipated to rise by 70 p.c, bringing the typical annual dual-fuel family invoice for each gasoline and electrical energy to greater than £3,359. Nations throughout Europe have seen power costs rise on account of the rise in wholesale costs attributed to Russia.

Whereas the UK relies on Russia for less than 4 p.c of its consumption, its sources throughout the continent have began refusing to ship power attributable to rising prices.
Now energy from Norway to Britain could possibly be curtailed attributable to an absence of rain, the nation’s power minister mentioned.
Terje Aasland mentioned Norway plans to curtail electrical energy exports as a result of the hydroelectric reservoirs used to generate 90 p.c of its provides are low.
He informed power information web site Montel: “We’re taking a look at easy methods to restrict exports in conditions the place the reservoir fill turns into critically low.
“Then we now have to supply sufficient energy for our nationwide consumption.”

Whereas the UK relies on Russia for less than 4 p.c of its consumption, its sources throughout the continent have began refusing to ship power attributable to rising prices.

Now energy from Norway to Britain could possibly be curtailed attributable to an absence of rain, the nation’s power minister mentioned.

Terje Aasland mentioned Norway plans to curtail electrical energy exports as a result of the hydroelectric reservoirs used to generate 90 p.c of its provides are low.

He informed power information web site Montel: “We’re taking a look at easy methods to restrict exports in conditions the place the reservoir fill turns into critically low.

“Then we now have to supply sufficient energy for our nationwide consumption.”

Norway could reduce the quantity of power it sends to Britain attributable to a ‘lack of rain’ (Picture: GETTY)

Terje Aasland plans to limit electricity exports because hydropower reservoirs are low

Terje Aasland plans to restrict electrical energy exports as a result of hydropower reservoirs are low (Picture: GETTY)

About half of Britain’s gasoline comes from the North Sea and a 3rd comes from Norway.

The reservoir stage in Norway is 49.3 p.c, towards the seasonal common of 74.4 p.c.

An undersea “interconnector” cable between Norway and Britain, accomplished final 12 months at a value of £1.4 billion, may provide sufficient electrical energy for 1.4 million British properties.

Nationwide Grid beforehand assumed that this cable shall be out there this winter when wanted.

Phil Hewitt of EnAppSys, a consultancy, informed the Occasions of Norway’s deliberate austerity measures: “The present tight squeeze in Britain’s electrical energy markets for this winter is now threatened with elevated uncertainty from what has been thought-about one of the vital dependable sources of imported electrical energy. electrical energy.”

READ MORE: Brexit LIVE: queue in Portugal sees 35,000 Britons with out ID card

1/3 of the UK's energy comes from Norway, which gets 90 percent of its supply from reservoirs

1/3 of the UK’s power comes from Norway, which will get 90 p.c of its provide from reservoirs (Picture: EXPRESS)

Cornwall Insights said bills could reach more than £3,359 in October

Cornwall Insights mentioned payments may attain greater than £3,359 in October (Picture: EXPRESS)

It comes after analysts at Cornwall Insights mentioned payments may hit greater than £3,359 in October and stay excessive by means of 2024.

An evaluation of assist for the subsequent worth cap durations ought to be on the high of the to-do listing for any aspiring prime minister, mentioned Craig Lowrey, principal marketing consultant at Cornwall Perception.

Cornwall Perception added that the cap is anticipated to rise once more to £3,616 a 12 months in January, and can stay above £3,000 a 12 months till at the least 2024.

Commenting on Rishi Sunak’s measures introduced in Might, Mr Lowrey added: “Our new figures present that even rising assist for October is not going to matter a lot in what is going to possible be an ongoing interval of excessive power payments.”

NOT MISSING

Harry faces anger from ex-police chief over lawsuit

Archie Battersbee lifeless: 12-year-old’s life assist disabled

Double hit for us!’ Brexit dispute with EU threatens Northern Eire

The cap is tipped to rise again to £3,616 a year and remain high until 2024

The cap is tipped to rise once more to £3,616 a 12 months and stay excessive till 2024 (Picture: EXPRESS)

Whereas nonetheless Chancellor, Mr Sunak introduced a £15bn family assist package deal, saying every residence would obtain a £400 credit score on power payments for when the value cap rises in October.

Mr Sunak has additionally mentioned he would quickly take away the worth added tax (VAT) on power payments, at the moment at 5 p.c, if he turns into chief.

Ms Truss, in the meantime, has mentioned she would finish inexperienced expenses on payments, which would cut back payments by lower than 8%.

Europe has seen prices rise after a rise in wholesale costs attributed to Russia

Europe has seen costs rise after an increase in wholesale prices attributed to Russia (Picture: EXPRESS)

On Wednesday, Martin Lewis issued a “grim” warning that some mounted power offers that appear “sickly” costly could now be the perfect costs out there.

Mr Lewis wrote on his MoneySavingExpert web site: “The UK power market is damaged. The speculation is that we should always make the most of competitors, however there hasn’t been – as a substitute, we have successfully compelled excessive costs by means of regulation.

“Nonetheless, there are alternatives to take motion to assist, not as a result of there are nice offers, however as a result of the most recent evaluation is that the longer term seems even WORSE, with the forecast for the subsequent worth cap persevering with to rise, so it is quite a bit now greater than even a couple of months in the past.

“This implies some sickeningly costly repairs appear to be they could possibly be winners now.”

Recent News

My Place Café

7:30 AM - 3:00 PM

Newsletters

Working Hours

Subscribe Our Newsletters to Get More Update

Contact Us

Location :

2057 N Los Robles Ave Unit 10 Pasadena, CA 91104

Phone Number

(626) 797-9255

Copyright © 2022

All Rights Reserved.