Power prices dip down to low of -£61/MWh as winds batter Britain
The windy weather pushed power prices down below zero last week, hitting a low of -£61/MWh according to EnAppSys.
The windy weather pushed power prices down below zero last week, hitting a low of -£61/MWh according to EnAppSys.
Electricity prices in Britain have soared at the beginning of the month, with the post-Brexit market arrangements contributing to the spikes.
Wind generation has smashed yet another record, hitting a new generation high of 17.5GW this weekend.
Octopus Energy has launched a "world first" local time of use tariff that drops prices for customers when wind speeds are up.
Fossil fuel generation has more than halved over the last decade, hitting a new record low in 2020.
Britain had its first coal-free Christmas, while wind set a new generation record on Boxing Day to round off a record-breaking year for green energy.
A new wind generation record was set over the weekend, hitting a high of 17.278GW during a half hour period on Saturday.
Modelling as part of the government’s long-awaited energy white paper shows that wind and solar generation could more than quadruple by 2050.
Prices in the Balancing Mechanism hit £1,000/MWh last night (03 December) with two CCGT offers accepted at the price.