European gas prices subsequently rose, hitting a two-year high of just over €58 per megawatt/hour earlier this month. That spike has fed into the latest price cap, which Ofgem sets quarterly. The recent drop in the wholesale price could lead to lower prices come the summer. However, the ...
If you are not able to receive a support for your heating costs through the Energy Price Guarantee (for example because you live in an area of the UK that is not served by the gas grid), we will also provide an additional payment of £100 to compensate for the rising costs of other...
The UK’s electricity prices are the highest since records began in 1920 and are now amongst the highest in all Europe. One reason for this is obvious: slightly less than half our electricity comes from gas-burning Combined Cycle Gas Turbines (CCGTs) and gas now costs £90 per megawatt-...
In August 2022, electric power reached almost 550 euros per megawatt-hour, more than in any other European Union (EU) country. Moreover, the inflation rate hit 8.2 percent, the highest recorded among G7 member states. This increase mirrored a worldwide energy crisis, which affected the ...
European and UK gas prices surged on Wednesday by more than 25 percent, energised by soaring demand before the northern hemisphere winter. Europe's reference Dutch TTF gas price jumped to 145.19 euros per megawatt hour and UK prices soared to 347.27 pence per therm. The two markets had already...
$1,300,000 USD per megawatt. The typical wind turbine is 2-3 MW in power, so most turbines cost in the $2-4 million dollar range. Operation and maintenance runs an additional $42,000-$48,000 per year according to research on wind turbine operational cost. See the National Renewable En...
In France, year-ahead power prices surged as much as 13% on Friday alone, to $1,003 (1,000 euro) per megawatt-hour for the first time ever, per Bloomberg’s estimates. French power prices have now soared tenfold over the past year. Apart from rallying gas and power pr...
According to the FT Europe’s benchmark, gas prices rose almost a third last week. In fact, they hit more than €343 ($345) per megawatt hour on Friday. These numbers are more than 30 times higher than prices two years ago and more than ten times their current leve...
Perhaps too low. Given that wholesale UK power for next winter trades around £45 per megawatt hour, some solar project winners (at near £50 per MWh) may find that they have bid too low. Others closer to £80 probably will be profitable. Bloomberg New Energy had thought solar would...
the energy price-reporting agency.Its research shows the from 1 April Ukraine will pay 25.40 euros (£21.04, $35.04) per megawatt hour for gas.That compares to 21.17 euros per megawatt hour in the UK and 18.51 euros per megawatt hour that Ukraine previously paid."It's now cheaper for Uk...