22d • 💻 Applied Modeling
Reuters: UK electricity price to decouple from gas
Interesting approach. Maybe more countries could do this.
This is interesting because in the UK market , gas often sets the electricity price for the whole system, even when wind, solar, and nuclear are providing most of the generation. Reuters says that the government wants to move more older low-carbon generators onto long-term fixed contracts, covering about one-third of Britain’s power supply.
The goal is to reduce consumer exposure to gas-price shocks, and make the economy less vulnerable to events like the recent Middle East disruption and earlier post-Ukraine price spikes.
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Reuters: UK electricity price to decouple from gas
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