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by 7952 1421 days ago
The UK government system is more nuanced than that. The operator bids for a strike price and communicate something with the bid they offer. That price is then locked in. We will never pay less than that, but we will never pay more either. In successive rounds the strike price is lower. They are setting the price up front to give stability. And that makes sense when most of the cost is upfront. Otherwise renewable prices would just track oil prices.