Why has the price of electricity in Europe reached record highs?
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Re: Why has the price of electricity in Europe reached record highs?
#2Re: Why has the price of electricity in Europe reached record highs?
#3I do not quite understand why countries with large production such as France, which I remembered exported an interesting amount, seem to be hit severely (+50%). I thought they should have suffered less the unfortunate conjuncture.
Re: Why has the price of electricity in Europe reached record highs?
#4I do not quite understand why countries with large production such as France, which I remembered exported an interesting amount, seem to be hit severely (+50%). I thought they should have suffered less the unfortunate conjuncture.
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Re: Why has the price of electricity in Europe reached record highs?
#5I'd have expected the CO2 tax to be a bigger factor than any shortages.
Re: Why has the price of electricity in Europe reached record highs?
#6Not building new nuclear power plants in the last 30 years was a major mistake, in terms of energy supply security as well as CO2 emissions.
Re: Why has the price of electricity in Europe reached record highs?
#7I do not quite understand why countries with large production such as France, which I remembered exported an interesting amount, seem to be hit severely (+50%). I thought they should have suffered less the unfortunate conjuncture.
Changes in the marginal price affect the whole market. The value of exports has shot up, so the export interconnects are probably working at full capacity, resulting in marginal generation being brought online to meet domestic need.
Re: Why has the price of electricity in Europe reached record highs?
#8I do not quite understand why countries with large production such as France, which I remembered exported an interesting amount, seem to be hit severely (+50%). I thought they should have suffered less the unfortunate conjuncture.
I can only read the opening paragraph and first graphic, so I’ll have to guess: my guess is the European grid plays a big part in levelling energy costs within the EU? One of the UK-France power connections failed recently, which is why the UK is much more expensive than (at least) France and Germany: https://www.reuters.com/world/uk/uks-national-grid-says-fire...
Re: Why has the price of electricity in Europe reached record highs?
#9Not building new nuclear power plants in the last 30 years was a major mistake, in terms of energy supply security as well as CO2 emissions.
Because they can
Re: Why has the price of electricity in Europe reached record highs?
#10The strike price for nuclear power from Hinkley Point C when it becomes operational will be £92.50/MWh. This has received a lot of criticism for being too high. With current wholesale rates at £385/MWh, suddenly Hinkley Point C doesn't look so expensive any more.