Price Spikes, not blackouts, are the biggest risk this Winter

We are not at high risk from blackouts this winter. That is the strong response from New Power’s panel of energy industry experts in a survey carried out in October. Experts said that although the supply margin was relatively low, the market would respond, to provide power when needed. But they said part of the reason was that prices would “spike” – shooting up for periods that could be as short as half a hour – and that could have dramatic effects on industry players, possibly driving them into financial distress.

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