Eastern Generation faces a bill of several million pounds following a fire in October that knocked out one of the 500MW turbines at its Ironbridge power station in Shropshire.
It will bring the unit back into production next week. A spokeswoman confirmed that the longer-than-expected four-month shutdown has made the cost of repairs and lost output far greater than the initial estimate of around £1m.
With electricity pool prices averaging £35/MW/h, the company is theoretically losing more than £300,000 a day in lost output. Sources at the plant said the station was now running for 18 20 hours in every 24.
Ironbridge’s problem will have been mitigated by insurance. The company’s other plants have made up for some of the lost output.