Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Lost capacity will compound UKs energy woes while extensive work is carried out on French connection. The outage comes at a time when UK baseload power prices are at record highs due to soaring gas prices, high carbon prices, tight supply and other maintenance outages. Capacity Rights Reduced By Approximately: When will I see my revised capacity rights on JAO? In accordance with the IFA Access Rules (Part 3 Long Term Allocation Rules, Chapter 9, Curtailment P139) holders of curtailed Long Term Transmission Rights shall be entitled to receive reimbursement per hour equal to: a) the Marginal Price of the initial auction; multiplied by; b) the volume in MW per hour corresponding to the difference between the Long Term Transmission rights held by the Registered Participant before and after the curtailment. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. LONDON Britains National Grid on Wednesday reported a fire at its IFA1 interconnector site in Sellindge in Kent and it has been evacuated. The IFA2 interconnector, a second link between Britain and France commissioned in 2020, is operating and not affected. Big Zero Report 2022. National Grid expects that the French IFA interconnector will restart full operations by December next year. The fire at the IFA site essentially means the loss of 2 gigawatts (GW) of interconnection capacity between the UK and France which further tightens the supply situation in the UK, said Roy Manuell, EU power and carbon analyst at ICIS Energy. In accordance with the IFA Access Rules (Part 3 Long Term Allocation Rules, Chapter 9 Curtailment P135) capacity will be curtailed in line with capacity available. The equipment occasionally faults, causing capacity to drop: in a bad year, this might happen several times. VAT No: 988 8336 42. sims 4 occult baby traits; 22 . Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. "We are also in the process of commissioning North Sea Link, our latest interconnector to Norway, to provide additional capacity next month - ahead of the winter period," the grid added. I have LT capacity rights, will I be curtailed? Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. A fire occurred in the early hours of Wednesday 15th September 2021 at our UK Sellindge site resulting in the cables capacity being redu. We can confirm the fire has been put out and Kent Fire & Rescue Service has left the IFA converter station site at 9.05 this morning. Our IFA2 interconnector is operating as normal at full capacity. With margins tight anyway for this winter, as exposed by National Grid ESOs early winter outlook publication this year, it puts the GB market in a risky position for the winter and especially if we suffer from periods of low wind and cold temperatures. We will bring 500MW back to service from October 2022 through to May 2023.. Our IFA2, BritNed and Nemo Link interconnectors are operating at full capacity. Thankfully no one was injured and the emergency services got the fire under control and extinguished .The overall damage the fire caused is still be evaluated and we wish to take this opportunity to update you on how this has impacted on customers who currently hold LT capacity rights. In recent months, the soaring cost of natural gas and a warm, dry and windless start to autumn 2021 caused record prices on the market. Interconnexion France-Angleterre (IFA) is a joint venture between the French transmission operator RTE and National Grid, operating a 2 gigawatt subsea electricity link between Britain and France. Following an initial review, we have updated the market that 1000MW is unavailable until 27 March 2022. UK homes and businesses face some of the highest energy bills on record because of the global dash for gas, which has led to soaring market prices. June 22, 2022; Posted by . National Grid has four operational interconnectors - two to France (IFA and IFA2), one to the Netherlands (BritNed) and one to Belgium (Nemo Link). Dear Customers, We wish to update you on the major incident that occurred at IFA yesterday. A key substation at Kent was left damaged by a fire in September.It forced the shutdown of one of the most important power cables, which brings electricity from France to the UK.. National Grid confirmed it will bring 500MW back to service from . Following the incident, it was forced to notify the wholesale electricity market that 1000MW would be unavailable until 27 March 2022 as a result. IFA is currently at 0MW and here is a table detailing the capacity over the next 6 months in accordance with REMIT: Is the planned October outage still going ahead? Oversees and coordinates EMEA coverage of power, gas, LNG, coal and carbon markets and has 20 years' experience in journalism. Save my name, email, and website in this browser for the next time I comment. The fire-damaged power link between the UK and France, known as the IFA interconnector will not be fully restored for another two years. The HVDC Cross-Channel (French: Interconnexion France Angleterre IFA 2000) is the 73 km long high-voltage direct current (HVDC) interconnector that operates since 1986 under the English Channel between the continental European grid at Bonningues-ls-Calais and the British electricity grid at Sellindge. While the extent of the damage is yet to be fully realised, it is likely to delay IFA1s return to full capacity at a time where it is desperately needed. National Grid, which owns the 2,000 megawatt cable, expects half of its capacity to return to service on Wednesday but said extensive work would be needed to bring the power link back to full service. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. "The site has been evacuated and the safety of our staff, emergency teams and local residents is our . The electricity system operator, which is also owned by National Grid, warned last week that the risk of power cuts to factories and homes this winter had increased after the cable outage combined with planned shutdowns at gas plants and the retirement of two nuclear reactors. FILE PHOTO: Migrating starlings fly at dusk past electricity pylons silhouetted by the sunset of a clear autumn evening in the Kent countryside, in Graveney, Britain. The planned outage of 1000MW of capacity at the IFA interconnector has been extended until 23 October. January 25, 2021, by Adis Ajdin. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Prices on September 15 cleared lower but still at an extreme price of 1860 per MWh for the evening peak, but prices on the remaining interconnectors for capacity were extreme, with the Britned cable clearing at 2131 per MW/h. It added: Our investigation is ongoing and we will update the market with any changes as necessary.. 2023 The Institution of Engineering and Technology. Energy crisis reignites demand for oil, threatening climate targets, says IEA, Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk, Original reporting and incisive analysis, direct from the Guardian every morning. Sopers Road, EN6 4SG, Registered as a business in England & Wales Critics say it's not enough. Our Standards: The Thomson Reuters Trust Principles. Following a detailed assessment on the 1000MW of capacity that is offline due to damage caused by a fire at our site in Sellindge in September, we need to carry out extensive work to safely return it to service. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. We have been able to reduce the outage time of 1000MW of capacity at the IFA interconnector so that it will come back to service on 20th October, ahead of the 23rd October date we had previously published. National Grid announced that half of its capacity would be restored on 20 October 2021, with full capacity being restored by October 2023. The IFA2 interconnector, a second link between Britain and France commissioned in 2020, is operating and not affected. To maintain grid frequency and power, the National Grid has a variety of frequency response assets, of which market batteries are the first to respond. All maintenance activities will be incorporated into return to service program. Sign up to the E&T News e-mail to get great stories like this delivered to your inbox every day. We are completely focused on getting IFA safely returned to service as soon as possible and ensuring we are able to support security of supply. It forced the shutdown of one of the most important power cables, which brings electricity from France to the UK. It permits us to understand how our readers consume content on our site, continually make improvements to both our layout and content as well as ensuring more targeted and relevant adverts can be delivered as users move between websites. The FTSE 100 energy company hopes to bring another 500MW of capacity back to service between October 2022 and May 2023, meaning the cable will be running at three-quarters of its capacity through that winter. The undersea section consists of eight 46km (29 miles) long 270kV submarine cables, laid between Folkestone (UK) and Sangatte (France), arranged as two fully independent 1,000MW Bipoles, each operated at a DC voltage of 270kV. We will then undertake further work in order to bring the full 2000MW back by October 2023. The IFA interconnector has two Bipoles, each with a capacity of 1,000MW. Over 30 years experience in delivering secure, sustainable and affordable energy. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. National Grid has four operational interconnectors two to France (IFA and IFA2), one to the Netherlands (BritNed) and one to Belgium (Nemo Link). The system was built with solid-state semiconductor thyristor valves from the outset. Our priority has been to ensure we safely maximise IFA capacity to support Winter security of supply. IFA2 is 240 kilometres long subsea power cable, which stretches along the sea floor between Fareham, Hampshire in the UK and near . IFA1 is a 2,000 MW interconnector that links Great Britain and France, and while it has recently been at half capacity, it was set to return to full capacity this weekend, before tragedy struck. Auction timetables are available on JAO and the IFA website. See here for a complete list of exchanges and delays. LONDON, Sept 15 (Reuters) - A fire halted a power link between France and Britain on Wednesday, squeezing tight UK electricity supply further and sending prices to near record highs. To learn more about what cookies we use and how to change your preferences please check our cookie policy. Please see the latest REMIT message here that details the Outage, please see the Outage Profile showing the phased return of capacity in line with the table above. Customers are able to return plastic or glass bottles and aluminium cansin exchange for vouchers wo Energy bills are set to increase as the level of the government's Energy Price Guarantee will rise, The company expects its gas retail portfolio will be "almost entirely gone" by end of 2024, a fire in September. The company added that will result in 1,500 of available capacity going into next winter. 1 GW of capacity to remain offline until March 2022, Day-ahead British power prices jump almost 19%. A fire in September 2021 caused the link to be removed from service. A fire occurred in the early hours of Wednesday 15th September 2021 atour UK Sellindge site resulting in the cables capacity being reduced to 0MW. [6] Given that the cable was laid on the surface of the seabed it was prone to being fouled by fishing nets, causing damage. Which countries have embraced a 4-day workweek and hows it going. The IFA1 interconnector is expected to be offline until Oct. 13, Elexon data shows. "The fire at the IFA site essentially means the loss of 2 gigawatts (GW) of interconnection capacity between the UK and France which further tightens the supply situation in the UK," said Roy. IFA2 Interconnector Commissioned in 2020, IFA2 is the second link to France that National Grid has developed with RTE. "We are in discussions with the UK electricity system operator (ESO) and our European partners to ensure we optimise upcoming planned pre-winter outages of our other interconnectors to support UK security of supply," it said. National Grid said: Following a detailed assessment on the 1,000MW of capacity that is offline due to damage caused by a fire at our site in Sellindge in September, we need to carry out extensive work to safely return it to service. We wish to update you on the major incident that occurred at IFA yesterday. "We are completely focused on getting IFA safely returned to service as soon as possible," the grid said in an update on its website. Future auctions will be adjusted where necessary. "We are completely focused on getting. Our Standards: The Thomson Reuters Trust Principles. It was completed in 1986, and replaced the first cross-Channel link which was a 160MW link completed in 1961 and decommissioned in 1984. The IFA connector was the first cross-Channel link, completed in 1961 with an initial 160MW capacity. Britain's National Grid said on Wednesday there has been a fire at its IFA1 interconnector site in Sellindge in Kent and it has been evacuated. We expect the full 2000MW of IFA capacity to be available for Winter 22/23. All Rights Reserved. This was eventually decommissioned in 1984 and replaced by a second link capable of carrying 2GW in 1986. Image: National Grid - IFA Interconnector, e are completely focused on getting IFA safely returned to service as soon as possible and. We will provide a further update in due course. We will keep you updated on any major changes and if you have any queries please do not hesitate to contact us. For all media enquiries, please contact our press team on 01926 656536, The IFA interconnectoris currently out of service following a fire at our site in Sellindge. We have notified the market via REMIT that we expect our IFA interconnector to return to full service on 16 December 2022 - 10 months ahead of our previous estimate. National Grid said it has to carry out extensive work before it returns to service. tim petrovic career earnings ifa interconnector fire cause. This is in addition to another planned 1000MW outage until 25 September that has caused electricity prices to soar. This is combined with the fact that some generators that were mothballed over summer have yet to restart, making wholesale electricity prices surpass their highest-ever level even prior to the interconnector fire. We have extended the outage on the other 1000MW, which was offline due to a planned outage, until 25 September. A fire at a critical nodal point in the electrical grid has shut down a major cable transporting electricity from France, under the English Channel and to the UK. The cable, known as the IFA Interconnector, will finally return to full service after further work, which National Grid hopes to complete by October 2023. It forced the shutdown, Aldi pays back customers for recycled plastic bottles, Ofgem to unveil new energy price cap next week, Drax to exit gas sales on customers SME business. National Grid has four operational interconnectors - two to France (IFA and IFA2), one to the Netherlands (BritNed) and one to Belgium (Nemo Link). IFA1 is a 2,000 MW interconnector that links Great Britain and France, and while it has recently been at half capacity, it was set to return to full capacity this weekend, before tragedy struck. On the other side, France has now got a net extra 2GW of available supply so this should help prices on the continent.. All quotes delayed a minimum of 15 minutes. The operators annual winter outlook report said the UK had enough capacity to avoid blackouts affecting households and factories but tight supplies were likely to keep market prices at near record levels throughout the winter. National Grid said late on Wednesday the fire would mean 1 GW, or half of capacity, would remain offline until 27 March 2022.