Here’s how it works:

  • A magnetic field pulls and pushes electrons in certain objects closer to them, making them move.
  • Metals like copper have electrons that are easily moved from their orbits.
  • If you move a magnet quickly through a coil of copper wire, the electrons will move- this produces electricity.

  • How is the wholesale electricity price determined?

    How the electricity price is determined Market prices are the result of supply and demand. This has also been the case for electricity since the energy markets were deregulated.

    What drives wholesale energy prices?

    What drives wholesale electricity prices in Britain?

  • Electricity generation mix. Britain gets its electricity from a diverse range…
  • Renewable generation. Our Wholesale Energy Markets in 2015 report showed that since 2008,…
  • Gas prices. The price of electricity is in part driven by the price of gas.
  • Interconnectors. GB’s electricity market is connected…

  • Leave a Reply