Themodelmay becallednodalprice model based on integratingpricingmethod, which can beapplied in any of spot, time-of-use, andfuturecontractelectricityprice.
In fact, the Committee on Climate Change warns that relying heavily on gas for futureelectricity supplies would leave households vulnerable to higher bills in the long run as the price of gas on the international market is volatile.
As construction proceeds, the difference between the price of gas and the price of electricity widens and narrows, giving Duke the opportunity to sell more of the expected output if the price rises or sell output in future years to lock in profits on electricity it has yet to generate.