Wholesale Electricity Price Soars…

[Masklin]

…due to a fire at an interconnector. I assume bound to have a knock on effect on prices to consumers at some point depending on length of outage and how long spike in wholesale price persists?

E.On boss: Remove green levies to cut energy bills

Cut soaring energy costs by paying energy levies through taxes, E.On UK boss Michael Lewis says.

www.bbc.co.uk

 

[Jason71]

Sooner rather than later if you are on Octopus Agile I assume?

 

[Peter 224]

It peaked at £540/mwh.

 

[Durzel]

RIP if you’re still on Agile by now. I moved months ago, figuring I’d move back when Agile was nice again (single digits, plunge pricing) but that never happened.

Looking at my area it’s been a solid 35p/kWh (the maximum it goes up to) for almost the entire day, across multiple days. Ouch.

 

[pgkevet]

 

[dakaix]

It briefly hit £4000/MWh last week!

Source: Drax Electric Insights

 

[NewbieT]

Let’s hope they get the testing completed for the new Norway interconnector ASAP.

North Sea Link | National Grid Group

www.nationalgrid.com

 

[NewbieT]

Good job Octopus will have forward contracts in place for Go but they won’t last forever.

 

[ACarneiro]

Electricity suppliers must be bleeding money, I wonder how many will survive the year…