place linee - firstt
Related News
UK Electricity prices hit 10-year high as cheap wind power wanes
LONDON - The UK’s electricity market has followed the lead of surging wholesale gas prices this week to reach weekend highs not seen in a decade.
The power market has avoided the severe volatility which ripped through the gas market this week because strong winds helped to supply ample electricity to meet demand.
But as freezing winds begin to wane this weekend National Grid will need to use more gas-fired power plants to fill the gap, meaning the cost of generating electricity will surge.
Jamie Stewart, an energy expert at ICIS, said the price for base load power this weekend has already soared…
