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…
Click on the link below to read the rest of the Nabarro briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from The Lawyer
Analysis from The Lawyer
Nabarro senior partner and self-confessed “IT geek” Graham Stedman is heralding a major set of investments in technology ahead of the firm’s move to 125 London Wall this year.
Clients are more willing to bring claims against professional service providers but the risk to defendants is not as dramatic as it might seem