U.K. Power Surges to Record 400 Pounds as Wind Fails to Blow

  • “We are not receiving enough renewable production”: Accenture
  • U.K. can’t count on nuclear as five EDF units are offline
A wind turbine operates near an electricity pylon carrying high tension power lines in Aggersund, Denmark.Photographer: Chris Ratcliffe/Bloomberg
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Electricity prices soared to a record in Britain as a period of still weather is curbing wind power, exposing the U.K.’s reliance on intermittent renewables.

U.K. power for next day exceed 400 pounds ($553) a megawatt-hour at an auction on Monday, an all-time high. Wind generation is currently below normal, accounting for about 11% of all the electricity entering the grid. That’s leaving the market exposed to swings at a time five nuclear units are offline.