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Yeah but that's how the market pricing works, it's a function of the auction process. Everyone pays the price required to satisfy the demand. See stock opening
by dkjaudyeqooe 4y ago
Yeah but that's how the market pricing works, it's a function of the auction process. Everyone pays the price required to satisfy the demand. See stock opening and closing auctions for a similar process. It feels odd that sellers get the higher price but it makes sense ultimately.
The margin price in that market is the marginal cost of a GW hour by for the last GW that satisfies the load required (demand).