>>RobinL+(OP)
One thing that I find hard to understand is how the electricity prices in the UK have gone up so dramatically (blaming gas prices) when a large amount of the electricity is not generated from gas. Is the price being artificially inflated?
>>nategu+e8
A couple possibilities. It could be competition from other countries with a different mix (e.g., the price in the UK has to compete with other countries or it'd be exported to the degree possible)
Power is also sold (ok, not sure about the UK) at the market price. So the most expensive generation needed to meet demand determines the market price. So even if gas is a small portion of the generation it could still determine the price.