UK Grid Stands Down Call on Households to Curb Power Use
- Hourly prices for Tuesday surge above £1,200 a megawatt-hour
- Wind power set to fall away to almost nothing until Thursday
The Cruas Nuclear Power Plant, operated by EDF.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
UK network operator National Grid Plc stood down a call on some households to cut energy use as it tries to plug the gap left by a decline in wind generation.
Power prices surged with some hourly contracts for Tuesday almost quadrupling compared to a week ago on Epex Spot SE as wind generation is set to fall away to almost nothing. The tight supply situation brought National Grid to the cusp of needing a new tool that pays some homes to reduce consumption.