- Joined
- 4 Aug 2007
- Posts
- 22,426
- Location
- Wilds of suffolk
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Two power station owners to get more than £12m for three hours of electricity
Uniper and a subsidiary of Vitol able to charge 50 times recent market price to ensure supply during evening peakwww.theguardian.com
They'll accept bids of just 72p/kWh but will happily give £12 million (£5000 per MWh) to fire up two gas power stations for three hours. Its working well then.![]()
I guess its going to take some time to settle down.
What the likes of Octopus need to do is understand a bit more closely how large the requirement is likely to be.
Yesterday was exceptional so exceptional pricing took hold.
Previously they over priced themselves even though they bid similar to yesterday.
The last I saw all the generators got paid the same per kwh so maybe they changed the model again. Or, these special ones work to differing rules. (Or of course both those things)
Cant say I am unhappy with 72p a kwh. I would do that every single day given the opportunity
