The UK socialist dictatorship really doesn't have the slightest clue what it's doing.
Energy bills are climbing again in the UK while billions are being paid out in curtailment costs. Flexible load solutions that could help stabilise the grid are being ignored.
According to the Financial Times, in the 2024–25 financial year. NESO spent £2.7 billion in total balancing costs in 2024–25, with wind curtailment a major contributor.
This curtailment happened because the grid could not handle the excess electricity.
https://ft.com/content/221d5b5d-ae51-4a6c-8516-b3b906d3ff89
Recent coverage paints a clear picture.
YahooFinance and CoinDesk report on Hut 8’s efforts to monetise energy assets, showing how miners are aligning with the energy sector to provide stability and unlock new revenue streams.
https://finance.yahoo.com/news/hut-8-maps-path-monetization-131011324.html
Our UK briefing paper at nostr:nprofile1qqsp02kerjznyqgla3gujxw33dhr80lm7pvhp9vn8p2f2095afggdcgpzpmhxue69uhkummnw3ezuamfdejszrthwden5te0dehhxtnvdakqz2r55r shows exactly how Bitcoin mining could do the same here.
Flexible load can absorb excess renewable generation, reduce curtailment costs, and lower bills for households and businesses.
The UK energy crisis is not going away. It is time to stop ignoring solutions that are already working elsewhere.
H/t to Progressive Bitcoin UK for today’s newspaper headlines.
Discussion
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