Wind Is Dominating the UK Power Grid, Pushing Out Fossil Fuels [Financial Post (Toronto, Ontario, Canada)]
National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG)
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Source: Financial Post
(Bloomberg) — The UK's power grid is off to its greenest start ever this year. Strong winds and a growing fleet of turbines propelled the renewable power source beyond fossil fuels in recent months, helping Britain reap the rewards of a yearslong effort to replace its polluting power system with a low-emissions one. Article content Wind has produced more electricity than oil, gas and coal plants during the past two quarters, the first time that's happened, according to National Grid data. April is off to a strong start for the second quarter, with generation 26% higher than a year ago for a monthly record. Article content The surge in output started in December, when wind farms produced more than 10 terawatt hours of electricity, the most in a single month. The share of the power grid supplied by renewables also is helped by demand, which was 5% lower this winter compared with pre-pandemic levels. Higher energy prices and mild temperatures have helped suppress consumption
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