Post by jamesb on Sept 4, 2022 19:53:44 GMT
Will London Underground be impacted by the rising energy costs, given the hugely significant rises?
It is my understanding that power has been supplied to the network from the National Grid since Lots Road Power Station shut in 2002.
I came across a public document on TfL's website (TfL Energy Purchasing - Crown Commercial Service) that had a few interesting points (if I have interpreted the document correctly):
- TfL uses annually the electricity of about 420,000 domestic electricity consumers
- The Crown Commercial Service purchases electricity 'en masse' for TfL and other public sector organisations, giving it greater leverage to get a good price.
- The electricity is purchased in advance at an agreed price, a year at a time, and about 2 and a half years before it is actually supplied.
Meaning the electricity that is used for the next couple of years has already been purchased, at prices before cost of energy went through the roof.
But presumably, electricity to supply the network after 2024/2025 will have to be purchased sooner or later... Even with the collective bargaining power of the Crown Commercial Service, it is hard to see how such a huge consumer of electricity could avoid the impact sooner or later?
It is my understanding that power has been supplied to the network from the National Grid since Lots Road Power Station shut in 2002.
I came across a public document on TfL's website (TfL Energy Purchasing - Crown Commercial Service) that had a few interesting points (if I have interpreted the document correctly):
- TfL uses annually the electricity of about 420,000 domestic electricity consumers
- The Crown Commercial Service purchases electricity 'en masse' for TfL and other public sector organisations, giving it greater leverage to get a good price.
- The electricity is purchased in advance at an agreed price, a year at a time, and about 2 and a half years before it is actually supplied.
Meaning the electricity that is used for the next couple of years has already been purchased, at prices before cost of energy went through the roof.
But presumably, electricity to supply the network after 2024/2025 will have to be purchased sooner or later... Even with the collective bargaining power of the Crown Commercial Service, it is hard to see how such a huge consumer of electricity could avoid the impact sooner or later?
