National Grid secures backup electricity for winter 16/17

Britain's grid operator has secured an extra 3.58 gigawatts (GW) of electricity to cover potential demand during winter 16/17, National Grid said on Friday. The reserve capacity is expected to cost about 122.4 million pounds, the grid operator said. Coal and gas-fired power plants owned by SSE, Centrica and Engie were among winners of the tender.