Energy market economics 101: setting the electricity price

This is part two of our energy market economics 101 video - you'll want to check out part one first: • Energy market economic...
So, once we've matched supply to demand and figured out which generation we're relying on, how is the price of that generation set? In this video, we explain exactly what people mean when they talk about wholesale electricity prices.
Head to modo.energy/ to find out more.

[@williammacpherson3539]

Really good explainer to simplify a complex concept

[@richardchin1545]

Thanks. A very clear explanation for a very important concept.

[@awaker8256]

Can reduce the volume of music please

[@onuryavuz3033]

thanks for the explanation but the music could've been quieter :)

[@toshcanon]

good explanation!

[@agustinignaciovergniaud6968]

great video!

[@allanchurm]

is it right that a lot of the wind farms have to switch of some of there windmills ( so to speak ) because the national grid cannot handle the extra power generated ( and then have to pay millions to have power stations on stand by ) which increases the price to homes/business

[@belspace]

The topic is interesting but the background music us very very annoying!