UK electricity prices for Thursday have soared to record highs after unplanned nuclear plant shutdowns and the continued heatwave triggered an unseasonal power crunch. Industry sources suggested National Grid was close to having to issue an emergency alert to call for more power for Thursday evening, amid fears demand could outstrip supply. Day-ahead electricity prices have hovered at about £40 per megawatt-hour (MWh) in recent months but on Wednesday surged to a record £160/MWh, according to Jamie Stewart at price reporting agency Icis. Prices for the hour to 8pm on Thursday evening traded at £999/MWh.
Telegraph 14th Sept 2016 read more »