[SideburnsOfDoom]

While this is worthwhile, I think that the parent post may be referring more to the "UK Electricity price" to consumers, and how this is calculated. It is related, but not quite the same as "roll out more renewables faster and so burn less gas"

https://www.theguardian.com/business/2025/apr/20/why-the-uks...

> "If we actually paid the average price of what our electricity now costs to produce, our bills would be substantially cheaper."

> In simple terms: the price in the electricity market on any given day is dictated by the most expensive source of generation available, which in the UK would be its gas-fired power plants.

I support "roll out more renewables faster" and pricing reform. Linked article makes it clear that the UK has "one of the most expensive electricity markets in the world" and this impacts consumers and businesses.

Which does raise the question: who benefits from the current pricing arrangement, and why do they have the deciding vote?

[CorrectHorseBat]

Is this not simply how markets work? Everything is sold at the marginal price.

You could change that, but it would just mean prices will be higher at another moment (in a perfect market), no?

[SideburnsOfDoom]

> Is this not simply how markets work?

The UK is an outlier as noted above. So no, this is not "simply how things work" in general. It's unusual.

> it would just mean prices will be higher at another moment, no?

No, see first quoted piece of text above.

My assumption also is that it's a far from perfect market - see last paragraph.

[ZeroGravitas]

The UK isn't an outlier in this regard. It's a fairly standard setup.

[SideburnsOfDoom]

So you disagree with the article above, which says "Britain continues to have one of the most expensive electricity markets in the world" ?

And "Britain paying highest electricity prices in the world"

https://www.telegraph.co.uk/business/2024/09/26/britain-burd..."

And "Why are Britain’s power prices the highest in the world?"

https://reports.electricinsights.co.uk/q4-2024/why-are-brita...

And "UK energy bills highest in Europe and public patience is wearing thin"

https://news.sky.com/story/uk-energy-bills-highest-in-europe...

"highest" means an outlier, doesn't it?

[OJFord]

It being more expensive in Britain doesn't mean it doesn't work the same way (just come out with a lower price) elsewhere in the world.

From your electricinsights article:

> Most markets work in this way: Saudi Arabia’s oil is cheap to produce but gets a very similar price to higher-cost oil from the North Sea. The underlying economic principle is so widespread that it’s known as the Law of One Price.

[SideburnsOfDoom]

OK, I get it. The UK is an outlier in outcome, but not in process.

But I still think there's something very British in insisting "Why, it's all above board, we play by the same rules as everyone else of course. We just get a worse outcome than anyone else because, well ... um ... look over there! Immigrants!!" (I'm not paraphrasing you, rather the country as a whole)

British exceptionalism at its finest.