UK Power Price Hits Two-Year High as Wind Generation Plummets
- Wind output is forecast to drop to lowest since September 2023
- The government plans to rely more on wind for clean power
Low wind has pushed up power prices across Europe this winter.
Photographer: Dominic Lipinski/BloombergThis article is for subscribers only.
UK power prices jumped to their highest in more than two years as the country imports electricity from Europe at record levels.
The day-ahead price reached £241.49 per megawatt-hour. Low wind has pushed up power price across Europe this winter, with the UK’s wind generation set to average 0.9 gigawatts on Wednesday, the lowest since September 2023, according to Bloomberg models.