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Britain’s energy system has fallen victim to a cyber-attack targeting the IT infrastructure used to run the electricity market.
The electricity system’s administrator, Elexon, confirmed that it was affected by a cyber-attack on Thursday afternoon but that the key systems used to govern the electricity market were not affected.
Wow! This would have been the icing on the cake, had a cyber-attack on the UK's electricity network succeeded. Just when one or two people have gone back to work and the rest of us are working remotely, this would have had a dramatic effect.
You might think about the AD-AS implications of such a shock in the short-term, and also perhaps in the longer-term. What effect would such an incident have had on confidence? And how might this have fed into the current economic environment?