UK Power Price Hits Two-Year High as Wind Generation Plummets \ stacker news ~econ

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UK Power Price Hits Two-Year High as Wind Generation Plummets archive.is/u9Zdb

819 sats \ 9 comments \ @k00b 21 Jan econ

The day-ahead price reached £241.49 per megawatt-hour. Low wind has pushed up power price across Europe this winter, with the UK’s wind generation set to average 0.9 gigawatts on Wednesday, the lowest since September 2023, according to Bloomberg models.

Day-ahead power price for peak evening times reached £620.00 per megawatt-hour. The price spikes come as the UK is seeing temperatures and heating demand return to seasonal norms after about a week of colder than average days.

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205 sats \ 4 replies \ @0xbitcoiner 21 Jan

Prices in Portugal aren't that high

https://datahub.ren.pt/pt/eletricidade/mercado/

25 sats \ 3 replies \ @zx 23h

Portugal would have much lower demands on the grid during winter, right? Shows the retardness of domestic politics in the UK right now.

7 sats \ 2 replies \ @0xbitcoiner 22h

yes

14 sats \ 1 reply \ @zx 22h

Wow. That's more surprising than I expected. Almost no seasonal change!

14 sats \ 0 replies \ @0xbitcoiner 22h

We see a spike of around 20% in usage during Dec and Jan. I don't have the specific data, but it's common knowledge that people use tons of wood, diesel, and gas to heat their homes.

180 sats \ 0 replies \ @Undisciplined 21 Jan

Those are crazy prices. They're going to be running the country off Duracell batteries pretty soon.

54 sats \ 0 replies \ @kepford 21 Jan

When will the people of the UK get fed up with this stuff? That's what I ask myself about California pretty often.

14 sats \ 0 replies \ @Satosora 21 Jan

Wow, prices are that high? Must be all the bitcoin miners running and sucking away all that juice.

0 sats \ 0 replies \ @Bell_curve 21h

black and brown immigrants are cold blooded, they don't need heat during winter