National Grid to pay power plants to shut down this summer

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

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http://www.telegraph.co.uk/business/2017/04/06/national-grid-pay-power-plants-shut-summer/

From the Telegraph:

National Grid may be forced to pay higher prices to power plants to stop generating electricity this summer as demand for power continues falling to set new record lows.

The transmission system operator said power generators must be prepared to offer a fair price to turn down their electricity output if power flows threaten to flood the grid during periods of particularly low demand, such as weekend afternoons or overnight.

The expected glut of electricity flips the winter-time challenge of securing enough supply to meet demand. Instead, National Grid will face periods when demand falls and there is more wind and solar power than Britain needs due to record low demand for power through its network of transmission cables.

Grid demand has been steadily falling in recent years because more and more companies and households are able to generate their own on-site power…

View original post 279 more words

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