Is this electricity price correct?

Due to lack of capacity the short term prices can be very high, from the Guardian:

Two power station owners to get more than £12m for three hours of electricity | Energy industry | The Guardian

“These are super-high prices,” Walke said. “Our models show that we don’t have a lot of electricity capacity left in the market; there’s not a lot of wind power available and there’s a lack of [cable] interconnection with neighbouring countries.”

Walke warned that Britain should brace for further market price spikes by the end of the week when demand for electricity and weak wind power levels “look more or less the same as today”.

Due to lack of capacity the short term prices can be very high, from the Guardian:

Two power station owners to get more than £12m for three hours of electricity | Energy industry | The Guardian

“These are super-high prices,” Walke said. “Our models show that we don’t have a lot of electricity capacity left in the market; there’s not a lot of wind power available and there’s a lack of [cable] interconnection with neighbouring countries.”

Walke warned that Britain should brace for further market price spikes by the end of the week when demand for electricity and weak wind power levels “look more or less the same as today”.

Looks like the other offer of £5000/MWh wasn't taken up then!

   - Andy.