Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on Day ahead electricity prices for EU. Parent comment
Buyers are willing to pay $5 to secure 100GW of power. Sellers are: 80GW Solar at $3 and 20GW Coal at $5.
At 100GW the price is $5 because it's the price that will secure 100GW. If buyers only needed 80GW the price would be $3.
There is only one market price and it's the price that gets the required quantity of power (as you say).
There are no comments on this comment yet.
Buyers are willing to pay $5 to secure 100GW of power. Sellers are: 80GW Solar at $3 and 20GW Coal at $5.
At 100GW the price is $5 because it's the price that will secure 100GW. If buyers only needed 80GW the price would be $3.
There is only one market price and it's the price that gets the required quantity of power (as you say).