Comment: Europe’s struggle to understand energy economics
Envirotec Magazine
OCTOBER 17, 2022
As long as there are enough suppliers (such as renewables and nuclear) with low marginal costs, the price paid for electricity by consumers also remains low. But as soon as demand outstrips the capacity of these low-cost producers, prices jump to the price bid by gas-fired generators, which depends largely on the price of natural gas.
Let's personalize your content