GB Power Market Faces Tightest Day Since 2011 Amid Arctic Conditions

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GB Power Market Faces Tightest Day Since 2011 Amid Arctic Conditions
ELECTRICITY,UK,NATIONAL GRID

Neso issued an alert to increase system margins as cold weather drove high energy demand. While blackouts were averted, the incident highlights the tight UK energy market.

Arctic conditions and low winds led to the tightest day for the GB electricity market since 2011. The National Grid Electricity System Operator (Neso) issued an urgent alert on Wednesday “to encourage market actions to increase system margins”, a safety net between demand and supply. Neso sought 1,200 megawatts (MW) of power. While Neso emphasized the alert was not necessarily a blackouts signal, energy consultant Kathryn Porter claimed the GB power market came close to blackouts on 8 January.

She said that spare electricity capacity plummeted to just a few hundred megawatts around 5:30 pm, according to data platform Amira. However, some analysts dispute Porter’s claims, saying that Neso had enough reserves to avoid a blackout. Neso also disputed Porter’s claims, insisting it had been holding about 1.4 gigawatts in emergency reserves on Wednesday. Meanwhile, British households were paying more than £2 million an hour to some gas-fired power stations as grid operators were forced to pay well above-average sums to power plant owners. National Grid data showed that more than half of the UK’s power was being generated by natural gas while France and Norway helped provide 10 percent of the output. Renewables contributed 16 percent

 

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