3 ms·

The marginal cost of production didn’t go up for renewables, but that’s not the price setting mechanism, the Austrian people demanded more electricity than rene

The marginal cost of production didn’t go up for renewables, but that’s not the price setting mechanism, the Austrian people demanded more electricity than renewables could provide, so the price rose until it was high enough to justify turning on the gas fired plants and where the Czechs and Germans would be willing to sell power to the Austrians… Also the people that are “making all the money” now that power prices are super high, stood to loose money if power prices were super low, why shouldn’t they be compensated for bearing that risk?

the_mitsuhiko 4y ago
> the Austrian people demanded more electricity than renewables could provide, so the price rose until it was high enough to justify turning on the gas fired plants and where the Czechs and Germans would be willing to sell power to the Austrians… That’s not what is happening. If Austria was an isolated market the prices were significantly lower at the moment. But I would not want to separate the markets just because it works out better to us at the moment.