UK Blackouts Likely In Weeks, Power From France Cut Before Winter, More Fertilizer Plants Shuttered
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A fire in a subsea cable has dramatically reduced power imports from France until March, U.K.'s National Grid Plc said, deepening the energy crisis that threatens winter blackouts for millions.
The timing couldn't be worse. Before the fire, the U.K. was already experiencing a five-year low in spare winter capacity. Compound this with gas shortages and the lack of renewable energy sources, sending power prices on a record-breaking run. The country may experience grid chaos in the coming months. They don't anticipate the energy grid will return to normal until march 2022. Another similar coincidence is the shuttering of two major fertilizer producers due to energy shortages.
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