However, the electricity produced in Scotland, which is almost all renewable energy, will generally cost less than this “spot price”. Scottish customers are nevertheless charged the higher UK-wide price!
Scotland also pays higher standing charges than the rest of Great Britain.
"As the market and its regulators navigate the turbulence of an #energy system transitioning from fossil fuels to #renewables, experts warn surges [in the spot price] are likely to become more common. The ageing #coal-fired power station fleet is becoming less reliable, and with the development of large-scale renewables and storage lagging, the potential gap between demand and supply is getting larger."
Renewable Energy Is Getting Cheaper. Why Aren't Power Bills?
"We still don't have enough of that cheap renewable energy. About 60% of electricity in the US still comes from fossil fuels -- including 43% from natural gas -- according to the US Energy Information Administration.
That means the majority of the grid is susceptible to swings in oil prices, which can be influenced by wars across the globe, weather events and other chaos."
'Closing in on the theoretical maximum efficiency, devices for turning heat into electricity are edging closer to being practical for use on the grid, according to University of Michigan research.
Heat batteries could store intermittent renewable energy during peak production hours, relying on a thermal version of solar cells to convert it into electricity later.'
Milestone for floating offshore wind as world-first auction names winner and price
France has announced the winner of the world’s first commercial scale floating offshore wind auction which will see 250MW built off the coast of Southern Brittany in the country’s west.
In a nation where many revere cows, the animals' waste has become an energy resource.
BBC News reports: "Indian cattle produce around three-million tonnes of cow dung a day. ... The government wants more of that dung, and other agriculture waste, to be made into methane."
In some ways the green transition is already happening: it now looks like last year the world overall managed to supply around 30% of electricity through renewable energy (primarily wind & solar).
And solar continues to be the fastest growing renewable energy source, now (for the second year) being the most used source across the world.
This does offer some hope that (albeit late in the day) we are seeing a shift in energy generation!