Merit order bidding for electricity supply
Posted: Sat Jan 08, 2022 3:06 pm
To my way of thinking this is the route cause of our high fuel bills.
We have introduced a lot of RE which is capable of producing electricity well below the encumbents particularly gas, but this fails to reflect in our bills. The reason for this is that the highest cost supplier dictates the price that ALL the suppliers get ie RE maybe able to supply at cost £ but ends up getting payed 2x £. Therefore the cheaper RE does not reduce our bills.
We have introduced a lot of RE which is capable of producing electricity well below the encumbents particularly gas, but this fails to reflect in our bills. The reason for this is that the highest cost supplier dictates the price that ALL the suppliers get ie RE maybe able to supply at cost £ but ends up getting payed 2x £. Therefore the cheaper RE does not reduce our bills.