The price of electricity during the first two weeks of January has gone up by 17.2%. This means that electricity bills in January will be 5% higher.
The price has gone up because the demand for electricity has been increasing, which is usual at Christmas and when it gets cold in the winter. This combined with the weather has meant that cheap renewable energy sources has produced less power than normal, which operates electricity prices upwards.
Lack of rain and wind means that electricity mostly has been produced by gas and coal, which are considerably more expensive than wind and hydropower. Coal power also discharge large amounts of carbon dioxide, so that the environmental impact is greater when it is not raining or windy enough.
Weather changes that came this weekend with rain and wind again are expected to reduce the price of electricity for February with one to two percent.