Huge energy costs hurting manufacturing sector
By Martin McKervey
Soaring energy costs are forcing Sheffield manufacturers to close down their operations at peak times. Why is this happening? Very simply, at peak periods the costs of energy can increase 300-fold.
This happens because of energy rules in the UK market and the ‘triad system’ that determines how the largest electricity users are charged for their use of the network. Triads are three half-hour periods when electricity is at its highest across the US — three peak mismatches between supply and demand. They fall any time between November and February and penalise energy consumption at peak times.
One company accidentally operated during a half-hour peak time period and it cost the business £1m…
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