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I think it’s typically an auction system so generally speaking you expect the plants with the cheapest energy to undercut the rest. Off the top of my head I’m n
by jncfhnb 2y ago
I think it’s typically an auction system so generally speaking you expect the plants with the cheapest energy to undercut the rest. Off the top of my head I’m not sure how concerns of collusion are dealt with when there’s few participants. There’s probably some sort of regulatory stick in there.
- surfingdino 2y agoI was under impression that the grid operators would have more leverage over power plants when it came to setting prices, after all, if you cannot send your output t the customers, you are sort of stuck with it.
- jncfhnb 2y agoGrid operators are obligated to provide electricity by regulators. I imagine they don’t get a whole lot out of that monopsony