A sudden fall in wind output triggered a spike in power prices in the United Kingdom, the world’s second-largest market for offshore wind power. At the Epex Spot SE, some hourly power contracts rose above £1,200 ($1,445.92) per megawatt-hour on Tuesday, according to Bloomberg. Power prices for the 7:30–8:00 p.m. slot on Monday traded at…
UK Power Prices Surge Amid Collapse of Wind Power
November 29, 2022
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Business & MarketseconomyenergyEuropeeurope energy crisisinflationOffshore Wind PowerUKUK energy crisisUK wind farmswind powerWorld
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