Keeping U.K. Power Grids Stable Has Never Been This Expensive
- Rising costs will be shared out among generators and suppliers
- Balancing charges are adding extra pressure on balance sheets
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The cost of fine-tuning supply and demand in Britain’s power market surged to a record in the three months to November, contributing to two dozen suppliers going out of business.
National Grid Plc spent 967 million pounds ($1.3 billion) in the balancing market for the period, compared with 337 million pounds a year earlier, according to LCP Energy Analytics. Ten of the most expensive days on record were during this time.