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rjwilmsi | 1 year ago

To me it made sense to price electricity at retail based on gas price when gas was the main source and the cost for that source is mostly about the market fuel cost. (There were and are other price guarantee schemes for nuclear where the ongoing fuel cost is only a small part of total costs. And the grid electricity price for wind is agreed by another set of rules - strike price).

However, we're now beyond that point so it seems to me that the pricing model should change. With the planned growth rate of new wind (and solar) by 2030 for the UK I assume it's going to happen one way or another.

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