At the end of last week, prices dropped slightly on Thursday but then rose markedly on Friday.

On the generation front, electricity in the week to last Friday was generated in the UK at over £200 per megawatt hour, which is the highest I’ve seen. Fossil fuels made up 42%, which was what was driving the pricing, whereas renewables were only at 31%, with wind at 25% in total.

In 2026 so far, Britain has wasted £2 billion switching off wind turbines and paying gas plants to switch on. To put that into context, that was the figure as at 6 November, whereas for the whole of 2025 it was less than £1.5 billion. The cost of this is taken out of all users’ bills, business and domestic.

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