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In the U.K. i think thats the price of elec paid to renewable generators is based on the prevailing cost of most expensive producer, as they don’t have “input costs” per se. It is tied to the to most expensive means of production, but that’s set at a global price of units of gas (as that’s what gas power stations have to pay)
Breaking the link between gas price and elec price is good news for renewable generators in a way if they can leverage their cheaper elec to suppliers to pass on with cheaper tariffs. However it also means they can’t sell their elec at the gas inflated price. Interesting piece here: https://www.bbc.co.uk/news/science-environment-62832029
C4r1s
I thought the price of energy was fixed based on the most expensive option available on the market at the time?
I'll give truss credit for looking to break that at least.