As a bit of background, it seems that the prices quoted by Drax are the "spot" prices - for power to be delivered immediately and looks to consist of about 5% of volume, another 5% is traded a-day-ahead, and the other 90% is by long term contract between generators and suppliers. So only a small fracton of the power in the grid at peek times yesterday would have cost that much.
As a bit of background, it seems that the prices quoted by Drax are the "spot" prices - for power to be delivered immediately and looks to consist of about 5% of volume, another 5% is traded a-day-ahead, and the other 90% is by long term contract between generators and suppliers. So only a small fracton of the power in the grid at peek times yesterday would have cost that much.
