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Energy

Storm Darragh prompts wind power spike, gas prices tumble

Gas prices dropped on Monday after Storm Darragh led to a surge in wind power over the weekend.

UK natural gas stooped as low as 112.55p per therm on Monday morning to its cheapest in almost a month as strong winds during the storm reduced the need for fossil fuels.

Wind power accounted for as much as 66% of the UK’s energy output over the weekend, against gas’s 1% share at the same point on Sunday morning, according to power generator Drax.

Come Monday, wind was generating 56% of the UK’s energy, compared to almost 9% from gas, the figures showed.

Storm Darragh had prompted a rare red weather warning for parts of Wales and the South West early on Saturday, with the fallout said to have left some 161,000 homes still without power on Sunday.

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