Midweek Energy Insights 05/02/2025

UK Power Prices Hit Two-Year High Amid Low Wind Generation

UK electricity prices have surged due to record-low wind generation and heavy reliance on European imports. The day-ahead price hit ￡241.49/MWh, with peak prices reaching ￡620/MWh. Wind output averaged just 0.9 GW, the lowest since September 2023, forcing the grid to rely on expensive fossil fuels and imports. France’s nuclear power, operating at a five-year high, has helped meet demand, but dependence on imports raises energy security concerns. Experts warn that without more energy storage and backup generation, price shocks could become more frequent.

• ￡241.49/MWh – UK’s highest day-ahead electricity price in two years
• ￡620/MWh – Peak electricity price during the surge
• 0.9 GW – Lowest wind generation since September 2023
• France’s nuclear fleet supplying critical power at a five-year high

Source: Energy News Live