The two data points that determine the market price in nord pool right now is the gas price and transmission costs. The revenue that renewable power plant owner

The two data points that determine the market price in nord pool right now is the gas price and transmission costs. The revenue that renewable power plant owners get is determined through those mechanism rather than by what production cost those renewable plant owner has. As the economist here has reported in the news, more renewable energy doesn't translate to lower prices at this point in time. EU are considering capping the price roof in order to address this so that energy prices start to match that of production costs. The European grid also need overproduction if we are to have market forces driving down prices, and you need large and effective transmission lines in order to distribute the renewable energy without bottlenecks. We also need to have reduction in energy usage when renewable energy production is low, and we need to reduce the dependency on the quite aged hydro power installations in the northern parts of Europe. The water reserves at those hydroelectric stations is also in a historically low levels, likely caused by a combination of climate change and poor management. We need more of everything if we are to disconnect the Russian gas from European energy market.