The UK’s electricity system price spiked to over £500/MWh last night (15 September) in response to low levels of wind generation. According to data from Drax Electric Insights prices hit £540.22/MWh at 18:16 on 15 September, remaining between £530/MWh and £540/MWh until prices decreased to £315.49 at 19:16, and then fell back down to £40.50 at 20:16. This spike was due to a combination of low levels of wind generation and high demand, according to Jean-Peal Harreman, director of energy market data analyst EnAppSys BV. This was echoed by European power market Nord Pool, which found that the daily average wind power on 13 September in the UK was 8,733MWh/h, falling to 2,507MWh/h on 14 September and “even lower” on 15 September.
Current 16th Sept 2020 read more »