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OK, what's the truth then? I am not an expert on this, though just today I saw some LinkedIn post of some trader explaining merit price on energy market and in
by bitL 4y ago
OK, what's the truth then? I am not an expert on this, though just today I saw some LinkedIn post of some trader explaining merit price on energy market and in the chart the nuclear power was two orders of magnitude cheaper than gas/combined power but the final price was at the level of gas/combined power.
- deleted 4y ago[deleted]
- agarsev 4y agoIn Spain (and according to a sister comment, in Austria too, so maybe it's EU-wide) the price of every MWh is set by the last MWh that enters the market (apparently it works like an auction). The last to be sold is the most expensive, thus renewables are being priced like combined due to this rule. In fact there was some scandal in Spain I seem to remember because apparently energy companies were doing the expected according to the incentives set, which is manipulating production so that combined is always used, increasing profit by doing nothing.