Britain’s ageing fleet of gas and nuclear power plants will keep prices high until the end of the decade, energy analysts have warned, with prices predicted to spike to cover gaps in renewable energy generation. Energy forecaster Cornwall Insight said the prices paid to electricity generators to keep the UK’s grid stable would hit at least £51 per kilowatt (kW) until 2030, substantially higher than current rates of £18 per kW. Under the UK’s Capacity Market, power plant operators are … read more »
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