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Wholesale energy prices hit second highest level in at least three years
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Wholesale energy prices hit the second highest level in at least three years on Monday, adding pressure on suppliers struggling to secure electricity and gas at competitive rates.
Low wind speeds were to blame for pushing wholesale energy prices for the peak period between 5pm and 6pm over £2,000 per megawatt hour, only the second time they have surpassed this level since 2018.
The UK’s power grid was forced to turn to gas-fired power plants and coal to make up for the lack of wind power
Read more on theguardian.comAbout this in other media
Energy firms fined after subsea cable delay pauses Scottish windfarms theguardian.com /2 years ago
UK energy watchdog promises tougher stress tests for suppliers theguardian.com /2 years ago
UK mortgage approvals at lowest level since mid-2020 theguardian.com /2 years ago
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