Birdwatch Note Rating
2024-12-15 14:02:18 UTC - HELPFUL
Rated by Participant: 3EB43D5713BA72EBFC3D51C99513965AA7454318B872EA1A2FE6BF8FEAA8D8F5
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Original Note:
In the UK, electricity prices are set using a "marginal cost pricing system" that's based on the most expensive method needed to meet demand. The most expensive energy generation currently being used is gas. https://commonslibrary.parliament.uk/why-is-cheap-renewable-electricity-so-expensive/#:~:text=Under%20the%20'marginal%20cost%20pricing,of%20electricity%20from%20various%20sources. https://www.ofgem.gov.uk/energy-data-and-research/data-portal/wholesale-market-indicators
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