4 ms·
UK electricity prices are set by the highest priced generator which is normally gas Eventually more green energy will overcome this issue Many of the commerci
by youngtaff 2y ago
UK electricity prices are set by the highest priced generator which is normally gas
Eventually more green energy will overcome this issue
Many of the commercial solar and wind farms run on a contracts for difference price - they're guaranteed a price for the energy they produce and when the market price goes over that a rebate get's paid to a Quango and should eventually feed into bills payers prices
- frenchman_in_ny 2y agoRe "UK electricity prices are set by the highest priced generator which is normally gas" Worldwide, electricity prices are set by the highest priced generator at the given moment of needed generation -- it's the dispatch curve. And generally, the generators that are the fastest to spin up to meet that incremental load are natural gas fired generators. As to the GP's point, my intuition (happy to be proven wrong) is more that natural gas, and therefore electricity, is cheaper in the US, simply because it's more abundant in the US.