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Comment by Magnets

9 hours ago

how does the wholesale price of gas explain how the UK is the most expensive in the world/europe?

1 comment

Magnets

Reply

thebruce87m  9 hours ago

tldr: Marginal Pricing

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.

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