More power disaster

 UK power prices soar after key cable hit by blaze - BBC News

Oh dear, so the earlier in the week incredible rise to £345 per MwH has been easily surpassed now by another £100 per hour or so.

Oops, and this is long-term, half the interconnector gone until March. Talk about bad luck, CFO's at retail power companies are going to be having a lot of sleepless nights. 

Maybe we should have built that Iceland interconnector after all!

UPDATE

I see Utility Point and Peoples' Energy have both ceased trading today. So much for fixing your domestic pricing....will be last man standing shortly. Maybe Centrica's share price will have a counter-intuitive bounce!

UK: Clarity of Power

23rd June - Power Vacuum


23rd June - Netherlands Prime Minister - Britain is basically an economic and politically failed state




...18 days later, new Prime Minister announced, Brexiteer leaders defenestrated but then will be picked to lead Brexit in a more pliable way.


It is pretty good going and demonstrates how quickly the UK can move on large challenges. Spain is about to go for its 3rd General Election of the year to try and resolve its issues.


This is a key reason why the UK will remain the pre-eminent destination for capital and investment in times of stress - because the world sees a determined Country that deals with some (if not all..) of its problems when compared to everywhere else. And does it without resorting to authoritarianism but within the confines of representative democracy.