https://www.bloomberg.com/opinion/articles/2022-07-25/london-s-record-9-724-54-per-megawatt-hour-to-avoid-a-blackout
"Last week, unbeknown to many outside the power industry, parts of London came remarkably close to a blackout — even as it was recovering from the hottest day in British history. On July 20, surging electricity demand collided with a bottleneck in the grid, leaving the eastern part of the British capital briefly short of power. Only by paying a record high £9,724.54 (about $11,685) per megawatt hour — more than 5,000% higher than the typical price"
I'm no expert, but surely these problems won't disappear next year, or the next. The amount of energy bought at that price was tiny, but perhaps a sign of things to come given the market for energy.
"Last week, unbeknown to many outside the power industry, parts of London came remarkably close to a blackout — even as it was recovering from the hottest day in British history. On July 20, surging electricity demand collided with a bottleneck in the grid, leaving the eastern part of the British capital briefly short of power. Only by paying a record high £9,724.54 (about $11,685) per megawatt hour — more than 5,000% higher than the typical price"
I'm no expert, but surely these problems won't disappear next year, or the next. The amount of energy bought at that price was tiny, but perhaps a sign of things to come given the market for energy.
