News Flash, 16 th Sep 2021   I am sure you have heard the recent news about UK power prices soaring due to the fire at the National Grid site in Kent. Prices the day following the fire jumped by 19% on the wholesale market. Over the last year to eighteen months prices have been rising dramatically anyway due to Covid, the general trend of the wholesale market and extra levies on the standing charges. The cost of energy is already high, so what are the implications of this fire and the closing of the link between France and Britain for businesses. Current - (as in today and for a few days). Some suppliers are withholding pricing and have pulled current offers. Short Term – (6 months). The link will be out says the National Grid, meaning prices will likely remain very high in this term Longer Term – Plus 6 months). Prices should settle back down once the link is back up and running. The UK is a net importer of power and this link being down means the National ...