GB’s period of high power prices shows no signs of abating with the day-ahead auction for Tuesday (14 September) clearing at new records across the board. This is according to energy market analyst EnAppSys, which highlighted how prices at the peak were £1,675.30/MWh for EPEX and £1,750/MWh for Nordpool.
Current 13th Sept 2021 read more »
Energy prices hit new records as charities warn of ‘heat rationing. Many more households will be forced into ‘desperate’ measures, such as rationing their heating this winter, charities have warned.
FT 13th Sept 2021 read more »
Owners of the UK’s last remaining coal power stations are in line to be paid record sums to keep the lights on as energy prices reach fresh highs, and could be pushed even higher by lower wind power. Coal plants have been called on to supply power steadily in recent months, through one of the least windy summers on record since 1961 and sharply rising prices in the wholesale energy market. The UK’s electricity system operator (ESO) spent more than £86m last week alone to keep the lights on, which involved making payments of up to £4,000 per megawatt-hour for fossil fuel power stations to generate electricity at short notice, including the West Burton plant in Nottinghamshire and a coal unit at the Drax site in North Yorkshire.
Guardian 13th Sept 2021 read more »
Energy prices have surged to 11 times above normal levels – a fresh record high – as a crunch in gas supply, low wind speeds and power station closures pile unprecedented pressure on Britain’s grid. The wholesale day-ahead power price in Britain rocketed to £540 per megawatt hour on Monday – £369 higher than Friday’s price, and more than 1,000pc above the average over the past decade. Gas reached an all-time high of 151p per therm, compared to around 40p per therm a year ago. Experts warned that heavy energy users such as factories and steel mills might have to switch to diesel generators to cut their exposure to power prices, while households must also brace for a further increase to their energy bills in coming months.
Telegraph 13th Sept 2021 read more »