I had to take a crash course in my job regarding the power grid and have watched literally hundreds of videos, but your series is by far the best. Thank you for providing this series!
You're right, Wind Turbine renewables has no Short Run Marginal Cost. Thus electricity sold via wind generation ought to Break-Even quicker (to R.o.I. profit level) than any other source of electricity generations. You guys are lucky to have a Renewable Energy 'buffet table' nearby like the North Sea, and by Merit Order wind renewables should be deployed first to customers prior to other source of electricity generations.
I had to take a crash course in my job regarding the power grid and have watched literally hundreds of videos, but your series is by far the best. Thank you for providing this series!
This series is really helpful. Electricty markets are quite complex, and your explanation is quite simple. Thank you.
You're right, Wind Turbine renewables has no Short Run Marginal Cost. Thus electricity sold via wind generation ought to Break-Even quicker (to R.o.I. profit level) than any other source of electricity generations. You guys are lucky to have a Renewable Energy 'buffet table' nearby like the North Sea, and by Merit Order wind renewables should be deployed first to customers prior to other source of electricity generations.
Thanks for creating this series, very much helpful. Keep up the good work.👍
Love this! Re 9:44, where can I learn more about the simplifications and assumptions to improve my understanding?
Nice one Neil 🎉
Thanks 👍 glad you enjoyed it!
Why is the price not 3 pounds?