Arnue Tan, BNEF European Power Team · Switched On · Europe's Power Markets Face a New Balancing Act
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Explained that wholesale power prices are set by the most expensive generator, typically a gas plant, which keeps prices high even with abundant renewables
“‘When wind and solar have reached a saturation point, the next best thing is a gas plant… gas plants are affected by cost of gas and carbon, which leads prices up.’”
“We took the ownership of that and we priced it on video seconds. We don't charge the credits for anything. We price it on video seconds generation because that is the most expensive part.”
“Half-price wings on Tuesday's deal is driving customers into stores, but chicken prices are at an all-time high. The more wings they sell at half price, the more money they lose.”
“I’m typically pricing cash flows… the pricing exercise has been very similar… higher component of underwriting and qualitative assessment.”
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