2022-02-01 14:20:00
BRITAIN WIND ENERGY 14.8 GW
BLOOMBERG - Jan 29, 2022 - U.K. wind farms produced a record amount of energy on Saturday, helping to ease the country’s dependence on expensive fossil fuels in the short-term.
Wind generation rose as high as 14,822 megawatts, surpassing the previous record of 14,286 megawatts set in May 2021, according to data from National Grid.
Higher wind speeds will bring temporary relief to U.K. power prices. Surging natural gas prices are pushing up electricity costs which are feeding into bills for millions of households. Power for delivery on Saturday fell to 150.59 pounds per megawatt-hour, the lowest level since Jan. 3 on the N2EX exchange.
High Power Prices Mean Wind Farms Are Paying the U.K. Government.
Wind power, in particular offshore, is the cornerstone of Britain’s net-zero plan, and it’s the second-biggest market in the world for the technology. The nation has plans to quadruple its capacity of wind farms at sea by the end this decade. Earlier this month Scotland awarded seabed rights for more than twice the size of the U.K.’s current capacity.
The high amount of generation Saturday wasn’t just due to strong winter winds, but also because of new offshore wind farms that started operating last year. As more projects come online, including the world’s largest offshore wind farm that’s being developed off the east coast of England, the country’s output will increase further.
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