Two power station owners to get more than £12m for three hours of electricity

08/01/2025 18:19 The Guardian

Uniper and a subsidiary of Vitol able to charge 50 times recent market price to ensure supply during evening peakTwo gas power station owners will be paid more than £12m to supply just three hours of electricity on Wednesday evening after freezing weather led to some of the highest market prices since the energy crisis began.Britain faced surging power prices after the grid operator warned it would need power plants to fire up in the early evening to have enough electricity to power homes and businesses within its normal safety limits. Continue reading...

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