alt Hacker NewsThis is highly misleadling. Nobody is setting the price, it is determined by an open market. This naturally drives it towards the price of the cheapest energy source with available capacity (often natural gas). It would be irrational to sell electricity for cheaper than this. If more batteries get deployed, the price will more often get set by battery storage instead.
Not how it works
> In this model, the price of electricity is set by the most expensive source needed to meet demand at any given time. Often, this is gas-fired power plants. Even if cheaper renewable sources like wind and solar are supplying a significant portion of electricity, the overall market price is influenced by the cost of gas.
If you don't cover 100% of the current power usage from batteries, the price will be price of gas plants.
The gas plants could be 1% of given moment, yet still set price