The UK’s electricity system price spiked to £2,242/MWh last night (4 March 2020) following lower than expected wind generation during the evening peak.
Exports of battery storage and solar PV have seen “exponential” growth as weather independent generation falls to less than 40%, according to data from ElectraLink and the Renewable Energy Association (REA).
The “exceptionally low” results in today’s Contracts for Difference auction are proof that renewables are “blowing the competition of the water”, the green economy has said this morning.
Figures released by Northern Ireland’s Department for the Economy (DfE) have revealed record-breaking levels of renewable electricity generation between July 2018 and June 2019.
