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Crosschecking, electricity production from natural gas trended down in 2011 and 2012 - bucking the trend. And this compares 2002 with 2012 - showing little change in the share of electricity generated by natural gas across ten years.
So yes, increase in gas price should end up in increased production costs - but as of yet I don't find a considerable drive towards natural gas in Germany the past decade.
This is effectively what allows the merit order effect to occur.
As a result even if the last producer only produced one kwh (theoretically) then that is the price of the system - as a result the cost of gas is very very relevant to the wholesale pricing of electricity as usually the gas plants are the swing producers.
Orthodoxy is not a religion.
Friends come and go. Enemies accumulate.
And government-run nukes don't need P&L statements.
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