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2025-01-02 17:53
But the price went up? https://www.theguardian.com/environment/2025/jan/02/uk-electricity-cleanest-ever-in-2024-with-record-58-from-low-carbon-sources
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Ian Urie
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Blue Tick
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Keeping it simple - One key thing to remember about the wholesale elec price is that basically all the different types of Generation are paid the same ‘clearing’ price £/MWh. This price is set for each half hour period by the ‘Marginal Plant’ (the last one needed to meet demand). So, if the last plant req’d is, say, a battery storage unit that has bid that 1/2 hour at a price of £1000/MWh then everyone else also gets paid £1000/MWh regardless of what their bid was or what their costs were.