Live data from Hacker News

Why has the price of electricity in Europe reached record highs?

economist.com

11–20 of 435 posts

Re: Why has the price of electricity in Europe reached record highs?

#11
“ In Germany, for example, during the first two weeks of September wind-power generation was 50% below its five-year average.”

I wonder what folks in the past would have thought about the concept of ‘wind draughts’. Maybe they experienced similar things with their grain mills?

Re: Why has the price of electricity in Europe reached record highs?

#12
post #6

Not 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.

Or, if you want: Not building twice as many (wind/anything) was a major mistake.

Nuclear power plants fail sometimes, just like the wind fails. In 2016 almost a third of the plants in France were offline at the same time, some for planned maintenance, some unplanned, and the peak prices were higher than now.

All these things are fixable by overbuilding enough. There's nothing special or magic about nuclear.

Re: Why has the price of electricity in Europe reached record highs?

#13
post #3

I 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.

Many many homes in Europe are natural gas fuelled. Combined with low-efficiency heating systems (no heat pumps), and bans on fracking (like here in the UK) means that countries have an over-dependence on a resource that they import and have no-or-low production of at home.

Re: Why has the price of electricity in Europe reached record highs?

#15
post #12
post #6

Not 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.

Or, if you want: Not building twice as many (wind/anything) was a major mistake. Nuclear power plants fail sometimes, just like the wind fails. In 2016 almost a third of the plants in France were offline at the same time, some for planned maintenance, some unplanned, and the peak prices were higher than now. All these things are fixable by overbuilding enough. There's nothing special or magic about nuclear.

Building more nuclear helps de-risk wind droughts.

This isn’t specific to nuclear; building more of a different kind mitigates the risk.

Re: Why has the price of electricity in Europe reached record highs?

#16

“ In Germany, for example, during the first two weeks of September wind-power generation was 50% below its five-year average.” I wonder what folks in the past would have thought about the concept of ‘wind draughts’. Maybe they experienced similar things with their grain mills?

Dunno about grain mills, but sailers have long known about trade winds and the doldrums.

Re: Why has the price of electricity in Europe reached record highs?

#17
post #6

Not 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.

Building more energy-hungry datacenters that picked up any wind farm production also hasn't helped.

Re: Why has the price of electricity in Europe reached record highs?

#18
post #14
post #6

Not 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.

But also in terms of cost? Nuclear power plants are not exactly cheap.

A NPP is an order of magnitude more expensive than a combined cycle power plant of the same power output. So even if electricity prices are high now because of gas constraints, that doesn't mean a NPP would have been a good idea.

Europe should perhaps have diversified their gas suppliers, with more LNG.

Re: Why has the price of electricity in Europe reached record highs?

#20

The 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.

Except Hinkley Point C would require those high prices persist for a decade in order to pay off. That's unlikely to happen.
Post reply on HN