Submitted by Helicase21 t3_yfoeww in worldnews
Remarkable_Soil_6727 t1_iu5zdq2 wrote
Reply to comment by memoriesofgreen in UK Wind Power Hits a Record, Easing Reliance on Expensive Gas by Helicase21
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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