Free Trial

France-UK Power Cable Outage to Last Longer Than Expected

UK
  • National Grid confirm that the France-UK power cable is now set to be halted until the end of March next year, according to Bloomberg.
  • The power cable outage was triggered by an onsite fire overnight, and has contributed to the sharp upside in UK natural gas prices today. Day Ahead forward prices for UK natural gas have traded higher by as much as 20% today and are up 40% since the beginning of September.
  • Initial estimate was for the cable to be out for around one month, but looks like it'll be down for far longer now.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.