By Paul Homewood
London, 10 June — The Global Warming Policy Foundation (GWPF) is today publishing a collection of papers by energy expert Dr John Constable, documenting the rapid decay of the UK electricity system, with system balancing costs spiralling out of control over the last few weeks.
The cost of balancing the grid over the Bank Holiday weekend amounted to £50m, and National Grid has predicted additional costs of £700m from May to August alone. It has taken desperate measures in an attempt to reduce the bill, but according to expert observers, these may well prove futile.
GB system balancing costs have been rising sharply over recent decades, as inflexible renewables have taken a leading role in electricity supply, driven by £10 billion a year of subsidies and price-fixing arrangements. In 2002 system balancing cost £367m, but by 2019 it had risen to just under £1.5bn, a level that…
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