Energy Prices Drop Below Zero in UK Thanks to Record Wind-Generated Electricity

https://www.ecowatch.com/energy-prices-below-zero-uk-wind-power.html

by slobbyKnob1

9 comments

  1. And accordingly, the unit price to the consumer went down, right? Right?

    Nope, still one of the highest prices in the world. The shareholder stitched us all up, forever. You can bet if fusion energy came on stream and provided terawatts 24/7 for pennies, our bills would STILL go up.

  2. So we’re basically just giving to charity now, if the actual price of generating the energy is zero. Right?

  3. Ironically in order for the UK to get cheaper energy, fees and costs must rise at first. Simply the free market in action.

    As in similar countries in Europe, like Germany, we see record decentralization and autonomy of families and regions from the electricity market. Villages and families installing solar and wind for their own electricity generation cut deeply into the margins of electricity providers. The way electricity markets are defined is through regional monopolies. This is about to change. With a record number of small ‘providers’ entering the market, these local monopolies have to raise costs and fees simply because they need to uphold their obligations.

    The electricity market is in for a great volatile period, however, in the end it will shift from monopolies to a full free market except a much smaller percentage which still needs to be covered by big nationwide suppliers.

  5. Negative wholesale prices in the short term for a couple hours when the wind blows hard, only head to wholesale price instability and therefore a higher unit per kwh price to customers! Surely this is obvious!

  6. And those savings aren’t ever going to be passed onto us, so all it means is that energy supplier profits are going to go through the roof (again).

  7. I’ve got three half hour periods tomorrow where my electricity cost will be 0.55p, -0.36p and -0.16p. Hardly worth an article. I’ve had much better days this year. The thing with these periods is they’re always in the middle of the night. Great if you have an EV or hot tub but mostly irrelevant for other usage. That said, it’s very cheap from 8pm tomorrow (under 5p) so the laundry will be on then.

  8. Ooo… That’s really cool… Strange how my fucking bill still went up… Wankers.

  9. I can tell who will soon be rushing to stop windfarms, on the ground that if there isn’t profit it can’t be worthwhile at all!

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