97. The endless conundrum of power markets reform - May23
Redefining Energy
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The Evolution of Marginal Pricing
Keen: I like to talk about pricing because what we've seen in Europe is price of gas when berserk. We're going to start entering into moments where there's so much renewables on the grid that you don't even use gas anymore, he says. Keen: Negative prices could be good economics if you're thinking about do I close down my nuclear plant overnight and incur a startup tomorrow morning or am I willing to run at a loss for a few hours? If they're driven by stupidly written subsidy schemes, then that's a problem with the subsidy scheme - Keen.
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