New electricity cables across the Channel to France and Belgium will be a key part of keeping Britain’s lights on during winter in the early 2020s, after their owners won backup power subsidies in a government auction this week.

For the first time, interconnector operators successfully bid for a slice of hundreds of millions’ worth of contracts in the capacity market. That will help cut costs for consumers and squeeze out old coal power plants.

Published in The Guardian, 9th February, 2018

https://www.theguardian.com/business/2018/feb/09/power-firms-win-uk-subsidies-for-new-electricity-cables-across-the-channel