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The article is interesting.
The comments from Rob (that were quite mean, but then, were dismissed in equal meanness and name calling) seemed to be where my head was:
Not all leccy costs the same to produce, but if you produce a lot of it from gas, and gas is fucking expensive, all your leccy is going to be expensive unless you can just turn on generation from much cheaper sources. If you can't, ur fucked (we are fucked).
Howard
Here is the market price chart from Bloomberg for German power 1 year forward. Anyone telling you that this is solely profiteering by UK energy companies is thick or lying