must also remember the market is to some extent European thanks to the interconnectors, so even if the was overcapacity in UK, if someone on the continent was prepared to pay a high price for UK generated energy that can also help set UK prices
What the price does not do (or at least often do) is reflect the marginal cost of supply, it reflects the marginal demand / willingness to pay
What the price does not do (or at least often do) is reflect the marginal cost of supply, it reflects the marginal demand / willingness to pay
