Britain paying Europe 15 times the normal price for emergency electricity during heatwave

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Britain paying Europe 15 times the normal price for emergency electricity during heatwave

Britain's electricity grid has been thrown into crisis this week as the ongoing heatwave forced the country to pay extraordinary premiums for emergency power imports from the continent. On Wednesday evening, the UK shelled out close to £1,400 per megawatt hour for European electricity—roughly 1,600 per cent above typical rates and approximately 15 times normal wholesale prices. The National Energy System Operator …