A pair of gas-fired power plants in the UK earned a fortune in a few hours when the wind wasnt blowing 🇬🇧 💰
The move involved announcing a cut in power production ahead of the busiest evening periods, then offering to keep the station on at a high price
https://www.bloomberg.com/news/articles/2024-12-13/uk-gas-plants-made-millions-in-a-few-hours-during-price-spike?utm_source=website&utm_medium=share&utm_campaign=twitter&embedded-checkout=true&sref=DLVyDcXJ
The move involved announcing a cut in power production ahead of the busiest evening periods, then offering to keep the station on at a high price
https://www.bloomberg.com/news/articles/2024-12-13/uk-gas-plants-made-millions-in-a-few-hours-during-price-spike?utm_source=website&utm_medium=share&utm_campaign=twitter&embedded-checkout=true&sref=DLVyDcXJ
Comments
You fail to deliver the electricity you signed up for, you're on the hook for the costs
It's such a stupid grift. Should have been made illegal years ago
The govt should set up electricity reserves, just like they do with oil reserves. In the US too