12.01.17 Power prices up 22%

Posted on January 12, 2017
Archive : January 2017
Category : Energy News

Figures just published show that wholesale power prices went up by some 22% last year, with November seeing the single biggest price hike of around 10%. It's all down to the perfect storm of our lowest gas margin since the mid-90s, a significant number of French nuclear power stations being temporarily switched off for safety maintenance and lower than expected power generation from wind. Throw in the suggestion of potential shortages by the National Grid and you end up with a bit of a sellers market and the consequent price rises. And it's not over yet as we try to maintain our capacity safety margins and just as we head into some bad weather when everyone starts to turn the heat up. Thank-goodness for the humble wood burner!

Source: Utility Week – to read the complete Utility Week story please click here