Rolling coverage of the latest economic and financial news
Britain’s National Energy System Operator has asked electricity generators to make more power available this evening, after spotting that the market could get tight.
NESO has isssued an electricity margin notice for between 4pm and 7pm today, to address a margin shortfall of 1,700 megawatts compared with the amount of power it would like to be available.
“We would like a greater safety cushion (margin) between power demand and available supply.
It does not signal that blackouts are imminent or that there is not enough generation to meet current demand.”
In fact, notwithstanding some more technical rebounds, there is still no trend reversal in sight for the German industry. It’s bottoming out at best.
At the same time, disappointing retail sales suggest that the rebound in private consumption in the third quarter is unlikely to continue in the fourth quarter. Unless Christmas shopping brings a positive surprise, private consumption is set to drop, and ongoing political and policy uncertainty combined with re-accelerating inflation make any substantial rebound in consumption unlikely.
Continue reading…Rolling coverage of the latest economic and financial newsRise in UK borrowing costs could push Reeves to new public spending cutsBritain’s National Energy System Operator has asked electricity generators to make more power available this evening, after spotting that the market could get tight.NESO has isssued an electricity margin notice for between 4pm and 7pm today, to address a margin shortfall of 1,700 megawatts compared with the amount of power it would like to be available.“We would like a greater safety cushion (margin) between power demand and available supply.It does not signal that blackouts are imminent or that there is not enough generation to meet current demand.”In fact, notwithstanding some more technical rebounds, there is still no trend reversal in sight for the German industry. It’s bottoming out at best.At the same time, disappointing retail sales suggest that the rebound in private consumption in the third quarter is unlikely to continue in the fourth quarter. Unless Christmas shopping brings a positive surprise, private consumption is set to drop, and ongoing political and policy uncertainty combined with re-accelerating inflation make any substantial rebound in consumption unlikely. Continue reading…
