U.K. Power Price Goes From Nothing to 3-Year High in 24 Hours

  • Low wind generation sent prices for Tuesday to 3-year high
  • Higher wind output on Sunday sent balancing costs negative

National Grid has contracted 10 power stations to use as backup in emergency situations that it will probably need to use.

Photographer: Jason Alden/Bloomberg

Volatility is hitting the U.K. power market, with prices swinging from below zero to the highest in more than three years within 24 hours.

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