Energy prices are set to keep gas-fired power stations profitable because we need those power stations to keep the lights on. Sometimes. As we build out more renewables, the need for gas diminishes, but we still need it.

I agree with the proposition that we ought to be pushing for more renewables, but cutting the electricity prices so that gas-fired power stations close, whilst simultaneously eliminating the incentive to build more solar & wind... just doesn't seem very smart.