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Electricity price predictions

 
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Electricity, Tariffs, Monitoring & Providers
Last Post by JamesPa 4 minutes ago
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 JamesPa
(@jamespa)
Illustrious Member Moderator
Joined: 2 years ago
Posts: 2770
01/09/2025 11:47 am  

@transparent  Thanks for that.  I guess that, in principle, I have no argument against selling green electricity to other countries, but I don't like it being wasted.  Im unclear whether locating producers close to a supply point enables the latter but fails to avoid the former.

 

Posted by: @transparent
↑

During winter storms of 2024/25, it was too dangerous for our wind-farms to remain active.

I assume thats due to the storm force, so just a feature of wind farms?

Posted by: @transparent
↑

NESO sought to buy electricity from Battery Energy Storage Sites (BESS). However, many had already contracted to sell elsewhere in Europe for a higher price, using the marine interconnectors.

As a result, NESO is then forced to pay very high prices to secure supplies from Gas Turbine generation plants to meet our national demand.

Now this is where I become lost with the business logic and also whether I should be annoyed or not!

Many claim we have the highest electricity prices in Europe (although so far as I can tell thats not actually true, but also as far as I can tell we are amongst the more expensive) yet its cost effective for suppliers to sell to mainland Europe.  How does that work out.  Also if they do export, who pays the transmission charge and do we benefit from reciprocal purchases?  

4kW peak of solar PV since 2011; EV and a 1930s house which has been partially renovated to improve its efficiency. 7kW Vaillant heat pump.


   
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