A large fire at a key electricity converter station in the UK has shut down a major cable that brings power from France, worsening Britain’s energy crunch. Gas and power prices jumped.
The outage, which the UK’s grid manager said will last until at least Oct. 13, couldn’t come at a worse time with supplies already short and prices at record highs. Britain is a net importer of power, with France its biggest supplier via two cables that run across the English Channel.
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