tldr: Marginal Pricing https://www.carbonbrief.org/qa-why-does-gas-set-the-price-of-electricity-and-is-there-an-alternative/ https://www.carbonbrief.org/qa-why

tldr: Marginal Pricing https://www.carbonbrief.org/qa-why-does-gas-set-the-price-of-electricity-and-is-there-an-alternative/ https://www.carbonbrief.org/qa-why-does-gas-set-the-price-of... > In the UK, the marginal unit is almost always a gas-fired power plant. As a result, one widely cited academic analysis found that gas set the price of power 97% of the time in the UK in 2021.