The UK spent more than £561 million ($753 million) balancing its power grid in October, marking a record monthly bill according to the information provided.
The increase was attributed to soaring gas prices and bottlenecks in the country’s aging electricity network, which raised the cost of keeping the system supplied and stable.
The figure highlights a growing challenge for Britain’s energy transition. The country is adding wind generation capacity faster than its grid can transport electricity to the areas where it is needed, increasing the expense of managing the system.
Sources: Bloomberg Markets.