I'd be really interested if anyone has any actual knowledge of where the money goes. Do the renewable generators get a massive pay boost every time gas is turned on? (Effectively every day) Surely this can't be the case.

April 11, 2026 - 11:42 UTC

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Because in a system where you are only paid-what-you-bid every player is forced to guess where the final price will land, and try to bid just blow that. f you're confident that the market price of something is going to end up around £100 you'd be mad to offer to sell it for £5.
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So what most people (including Robert) miss is that they have cause-and-effect backwards. The low bids from renewables exist only *because* the system allows them to be placed without penalty.
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New Zealand's wholesale pricing system for electricity generation is set by the highest price generation source needed for each 30 minute period. This is a windfall situation for the big hydro generators who dominate our grid. The system is broken.
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The hydro should be the backup that we keep being told the methane is for. If that means nationalising then so be it
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