alt Hacker NewsYes that's sound weird but this is to make sure gas peaker plants which by definition run only a fraction of time can be profitable and be built.
Yes that's sound weird but this is to make sure gas peaker plants which by definition run only a fraction of time can be profitable and be built.
yeah I understand the theory behind the system
however the market participants have "adapted" to it
https://www.theguardian.com/business/2025/jan/08/two-power-s...
it works pretty well on a short-term basis but due to the way the system works there's no ability to price-in a long term signal
the government is currently consulting on a changes to introduce this mechanism (as is the EU)