In the EU (winters with weak solar radiation) this only works if you can store power over multiple months. Getting rid of gas means purchasing and maintaining a giant amount of batteries. Slow storage won’t save you from outages during peaks. We do have very cheap power from solar, during the hot months. In winter, its wind and offshore turbines that are prevalent, but they are as unpredictable.

So, solar and wind power is trivial. Storage is the issue. And consumers will pay that storage, in both grid cost, and spot prices.

I don’t understand why peak producers should dictate prices for all levels of service. Make an exception for them that’s adequate, like a second peak market, and done? Why should a solar producer (who doesn’t buffer!) get 3x the price only because Russia turns up gas prices and the big producers start panic buying expensive gas futures, poisoning their whole lineup in the process? Solar producers just pump whatever’s coming out of their panels into the market, with no regard for grid stability.