how does the wholesale price of gas explain how the UK is the most expensive in the world/europe?
tldr: Marginal Pricing
https://www.carbonbrief.org/qa-why-does-gas-set-the-price-of...
> In the UK, the marginal unit is almost always a gas-fired power plant. As a result, one widely cited academic analysis found that gas set the price of power 97% of the time in the UK in 2021.
alt Hacker News
tldr: Marginal Pricing
https://www.carbonbrief.org/qa-why-does-gas-set-the-price-of...
> In the UK, the marginal unit is almost always a gas-fired power plant. As a result, one widely cited academic analysis found that gas set the price of power 97% of the time in the UK in 2021.