Submission + - Energy Prices Drop Below Zero in UK Thanks to Record Wind-Generated Electricity (ecowatch.com) 1
AmiMoJo writes: Record wind-generated electricity across Northern Ireland and Scotland Tuesday night pushed Britain’s power prices below zero.
Wind output peaked at a record high 22.4 gigawatts (GW), breaking the previous high set Sunday evening, the national system operator said, as Bloomberg reported. The record output provided more than 68 percent of the country’s power.
From 5:30 to 6:30 a.m. on Wednesday, the half-hourly price fell to 6.57 pounds per megawatt-hour, according to data from European power exchange Epex Spot.
Wind output peaked at a record high 22.4 gigawatts (GW), breaking the previous high set Sunday evening, the national system operator said, as Bloomberg reported. The record output provided more than 68 percent of the country’s power.
From 5:30 to 6:30 a.m. on Wednesday, the half-hourly price fell to 6.57 pounds per megawatt-hour, according to data from European power exchange Epex Spot.
Not good (Score:2)
This is not a good thing. This means that other energy sources, such as, hydropower (if that is a thing in the UK) that are predictable and plannable, will make a loss. This in turn means that no (or fewer) new such energy sources will be built. We see the consequences of that in Germany with prices skyrocketing on regular intervals, causing all kinds of problems for both households and industry.