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Found this interesting.
Power prices have surged to a record high as the cold snap and a lack of wind prompts a scramble for electricity among suppliers.
Day ahead UK power prices jumped to an all-time high of £675 a megawatt hour on Epex Spot Exchange on Sunday as snow and sub-zero temperatures swept across Britain. The cost of power at the peak hours of 5pm-6pm soared to a record £2,586 a megawatt-hour.
The eye watering wholesale power prices are being caused by rocketing demand at a time when low wind speeds are reducing the amount of electricity generated from renewable energy.
While most houses use gas for central heating, cold weather drives demand by prompting more people to stay indoors with the lights on watching TV. Heating systems also use electricity.
National Grid data suggests that power consumption is set to peak at almost 46,700 megawatts at 5pm on Monday, up from Sunday’s high of just under 43,000.
Power prices have surged to a record high as the cold snap and a lack of wind prompts a scramble for electricity among suppliers.
Day ahead UK power prices jumped to an all-time high of £675 a megawatt hour on Epex Spot Exchange on Sunday as snow and sub-zero temperatures swept across Britain. The cost of power at the peak hours of 5pm-6pm soared to a record £2,586 a megawatt-hour.
The eye watering wholesale power prices are being caused by rocketing demand at a time when low wind speeds are reducing the amount of electricity generated from renewable energy.
While most houses use gas for central heating, cold weather drives demand by prompting more people to stay indoors with the lights on watching TV. Heating systems also use electricity.
National Grid data suggests that power consumption is set to peak at almost 46,700 megawatts at 5pm on Monday, up from Sunday’s high of just under 43,000.