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UK Power Prices Turn Negative as Renewables Set to Flood Grid
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UK Power Prices Turn Negative as Renewables Set to Flood Grid UK power prices turned negative for the first time since late April as strong wind and solar generation are set to flood the grid. Power prices for delivery on Saturday dropped below zero for nine hours, falling as low as minus £25 per megawatt-hour, according to Epex Spot data. An Atlantic storm system is forecast to bring blustery weather this weekend, driving up wind speeds across the UK, Germany, Poland and Benelux countries,...
UK Power Prices Turn Negative as Renewables Set to Flood Grid
UK power prices turned negative for the first time since late April as strong wind and solar generation are set to flood the grid.
Power prices for delivery on Saturday dropped below zero for nine hours, falling as low as minus £25 per megawatt-hour, according to Epex Spot data. An Atlantic storm system is forecast to bring blustery weather this weekend, driving up wind speeds across the UK, Germany, Poland and Benelux countries, according to weather models and meteorologists.