Near £10 per kWh paid last week to rescue grid

[nowty]

The heatwave last week was difficult for the grid, but here at Nowty Towers, my aircon was running nicely on the solar.

https://www.bbc.co.uk/news/uk-england-london-62296443

https://www.bloomberg.com/opinion/artic ... a-blackout

National Grid paid £9,724 per megawatt hour, more than 5,000% than the typical price, to Belgium on Wednesday to prevent south-east London losing power.

[marshman]

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[Ken]

"While the amount bought at the record amount was minimal – reportedly enough to supply eight houses for a year" -peanuts

[AE-NMidlands]

"While the amount bought at the record amount was minimal – reportedly enough to supply eight houses for a year" -peanuts

But just enough to keep the grid functioning, as "a bottleneck in the grid forced National Grid's Electricity System Operator (ESO) to buy electricity from Belgium at the highest price Britain has ever paid to keep power flowing."

So if our grid had been up to the job the import wouldn't have been needed, so it could have been moved from elsewhere in the UK at standard prices?

So does this say that the grid picks up the extra cost rather than consumers, enrgy suppliers or local distributors? I hope it means what it says!
A
p.s. will they have to compensate generators in the "wrong" bit of the UK, whose power couldn't be accepted and transferred, too?

[Moxi]

Sounds like we need one of these further south

https://www.msn.com/en-gb/money/other/g ... 7ef5e1e41f

Moxi

[Oldgreybeard]

"Costs lie where they fall" applies, so any additional cost incurred by the grid ends up being multiplied by profit and applied to every bill, sooner or later. In this case it was such a miniscule amount of money that the impact will be to increase everyone's bill by about 0.000002%

[Stig]

I wonder if we were still exporting to France at the same time.
https://gridwatch.co.uk/