Britain’s power grid is turning cheap wind into expensive electricity
Britain has hit the £1 billion mark in wasted wind energy two months earlier than last year.
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The system operator thinks costs might rise to £8 billion per year by 2030.
£8 billion would be towards £100 a year per household, just to turn wind turbines off and expensive gas plants on instead - often these are owned by the same companies.
Many in the energy sector make this out to be inevitable. It isn’t. It’s a symptom of a system that channels value upwards rather than down to the public it should be serving. And it needs fixing.
First off, why is this happening?
The electricity market has a single ‘arena’ in which electricity generators compete to sell their electricity. Generators line up from cheapest to most expensive. The line is cut depending on how........
