alt Hacker NewsYou can have dispatchable gas without that pricing structure, but having a grid without that pricing structure can't really function without major nationalization of power generation.
Marginal pricing is one of those things that at first sounds crazy, but when you delve into the topic, it's the only sensible way to have market pricing on electricity generation. The only real alternative would be a fully nationalized grid where the government buys up all the dispatachable power sources.
Do you have anything I can read on why marginal pricing is the only sensible way to have pricing?
EDIT: Ah, apparently it aligns market forces well, by making cheap energy sources massively profitable to run, so more and more get added.
Perversely, though, it seems to me that it also incentivizes an entire renewable grid to not expand to 100%, so they all enjoy a much higher price.