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PrivateFrank t1_jaeiese wrote

>And the final component is the UK grid system pays every electricity producer the price of the most expensive energy producer. If 1% of the grid is gas, 100% of the grid pays gas prices. Even on this one day, there was a gas power plant running as a back up (it just wasn't used).

>That last one is part of why very few UK homes have electricity based heating systems. There will never be a time when electricity costs less than gas, so gas has been the cheaper option.

Iirc all of the European energy market works like that.

And it wasn't 25 consecutive hours, either...

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