London paid record price for electricity during heatwave

Last week, the UK hit its highest temperature on record: 40 degrees Celsius, or more than 104 degrees Fahrenheit. On July 20, as the record-breaking “Red Extreme” heat wave continued, Bloomberg opinion piece reports that officials have made the decision to pay a record price of £9,724.54 (about $11,685) per megawatt to guarantee electricity for South London residents – about 5,000 percent higher than the usual average price of £178 per megawatt. megawatt hour.

To avoid an energy shortage in 2021, the UK paid about £1,600 (more than $1,900) per megawatt to import energy.

But this time, the BBC reported, the combination of the heat wave, a storm in Belgium that affected solar output, and overhead maintenance all played a role, forcing the National Grid’s Electricity System Operator (ESO) to make the higher-than-usual purchase. to avoid blackouts. A spokesperson for National Grid ESO said a specific circuit was needed to get the energy to the right place.

The power purchased at that rate was only enough to power about eight households for a year. Bloomberg says, keeping the system stable over the course of an hour and buying additional power at lower rates.

The Bloomberg op-ed argues that power from elsewhere in the country or even to offshore wind farms in Scotland should have been a solution. But if there was no investment in grid upgrades and resistance to installing more overhead equipment, the system may have become vulnerable. The concern is that next time, even high prices may not be enough, and as an inevitable side effect of a warming planet, residents could face power outages in the future.

Frank Broholm had acquired considerable experience in writing and editing publications before recruited by The Media Today Chronicle News portal as Editorial Manager. His key task is to conduct effective business reviews based on the most recent business…