Submitted by Helicase21 t3_yfoeww in worldnews
memoriesofgreen t1_iu5yfng wrote
Reply to comment by Remarkable_Soil_6727 in UK Wind Power Hits a Record, Easing Reliance on Expensive Gas by Helicase21
Why is that? I've not been listening to Putin so might be out of the loop.
Remarkable_Soil_6727 t1_iu5zdq2 wrote
Because gas is limited and countries that heavily relied on Russia for gas are now importing from sources the UK do like Norway (which provides 1/3rd of UK gas). The increased demand also had private companies extracting it in the UK and exporting it to Europe because they can sell it for more.
memoriesofgreen t1_iu67ktj wrote
Gas price is currently negative. That means there is plenty of supply.
https://www.ft.com/content/8c4f9b6f-7770-490e-83e8-3fdd12f7a99f
Remarkable_Soil_6727 t1_iu67x1m wrote
"It lasted for one hour only and a more standard spot price now around €50/MWh remains twice the norm for European gas."
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