Cost of balancing Great Britain’s power grid reaches nearly £50m a day

Grid operator is paying huge sums to switch off windfarms in areas of excess electricity generation while turning on gas plants elsewhere

The cost of balancing Great Britain’s power grid has soared to near-record highs of almost £50m a day after windfarms were turned off due to bottlenecks in transmitting power around the country.

The grid operator paid £47.9m on Wednesday to turn windfarms off in areas with an oversupply of electricity and turn gas plants on in areas where supplies were tight.