Equivalent of 97% of Scotland’s 2020 electricity consumption was from renewables

Re:Equivalent of 97% of Scotland’s 2020 electricity consumpt... by floatrock on Friday March 26, 2021 @12:44PM (#26594180)

Power companies tend to buy hedges and other financial instruments to offset the risk. The ones that went bankrupt like Griddy were strict wholesale passthrough.

That's not say someone isn't eating the cost of the high spot prices, it's just a lot of that cost is borne by sophisticated professionals who's job it is to price risk and black swan events. The problem with wholesale passthrough rates is consumers are rarely sophisticated enough to understand the details of energy markets and the financial instruments to offset the risk.

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Re:Equivalent of 97% of Scotland’s 2020 electricity consumpt... by Scoundreller on Friday March 26, 2021 @01:15PM (#26594543)

There’s been 2 others that sold fixed rates:

“Just Energy” and another cooperative.

Reality is, electricity distribution corps are more tolerant of risk than individuals because generators have to sell, but the distributor can always file for bankruptcy if it suddenly becomes very unprofitable.

[ Parent | on HN ]