UK Power Prices Climb as Light Winds to Tighten Market on Friday
- Heating demand in country is being boosted by freezing weather
- Grid operator issued power market warning on Wednesday
Wind turbines off the coast in Clacton On Sea.
Photographer: Carlos Jasso/BloombergThis article is for subscribers only.
UK power prices are increasing as wind generation is forecast to drop on Friday amid freezing temperatures, raising the prospect of another market squeeze.
UK day-ahead power prices are at £392 ($482) per megawatt-hour at 5 p.m, according to Epex data. That’s higher than the £300 per megawatt-hour in the hourly day-ahead auction for delivery on Wednesday, when the grid operator issued a market warning due to an insufficient buffer between predicted supply and demand.