Each country has more than one zone. Also the rate varies hour by hour
Not Germany, they have single price zone which is absolutely insane.
Denmark has two and is much smaller.
Day ahead electricity prices for EU
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Re: Day ahead electricity prices for EU
#12I've read somewhere that Czechs (day ahead price of 463EUR/MWh) produce electricity at 0.1EUR/MWh, then sell it to an exchange in Germany and buy it back for the "market" price. Somebody over there is getting extremely rich for no reason and I am wondering why nobody is doing anything about it...
If you could make electricity for 0.1€/MWh, you’re going to get quite rich anyway. (That cannot be the right cost.)
Re: Day ahead electricity prices for EU
#13I've read somewhere that Czechs (day ahead price of 463EUR/MWh) produce electricity at 0.1EUR/MWh, then sell it to an exchange in Germany and buy it back for the "market" price. Somebody over there is getting extremely rich for no reason and I am wondering why nobody is doing anything about it...
That's how a market works. You say "Czechs" but it's Czech producers and Czech consumers (respectively) making those transactions. Where the market is situated is irrelevant.
If you're making electricity that cheaply right now you are indeed getting rich, and so you should.
The market is what is doing something about it. Prices will moderate over time as inefficient producers are pushed out and as consumers reduce their usage due to high prices.
Re: Day ahead electricity prices for EU
#14Denmark is going to have some pretty cheap hours around 13:00, so charging an electric car is not going to be bad tomorrow.
Re: Day ahead electricity prices for EU
#15At the current electricity prices, break even point for household PV installations even in coldish climate (Latvia, Eastern Europe) is on the order of 3-4 years without subsidies.
Granted, it does not solve the problem that the energy I'll spend in the fall/winter has to come from somewhere but financially it is at the very least closer to being balanced out.
Also, this is in a country, where the net metering system is favorable to households (one can spend the full amount that has been fed to grid).
Re: Day ahead electricity prices for EU
#16What are the main causes for these differences? And why Italians always manage to be first in the worst ranking?
Limits on transmission capacity. If the cables had been bigger, costs would have been more or less the same.
Re: Day ahead electricity prices for EU
#17I've read somewhere that Czechs (day ahead price of 463EUR/MWh) produce electricity at 0.1EUR/MWh, then sell it to an exchange in Germany and buy it back for the "market" price. Somebody over there is getting extremely rich for no reason and I am wondering why nobody is doing anything about it...
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Re: Day ahead electricity prices for EU
#18I've read somewhere that Czechs (day ahead price of 463EUR/MWh) produce electricity at 0.1EUR/MWh, then sell it to an exchange in Germany and buy it back for the "market" price. Somebody over there is getting extremely rich for no reason and I am wondering why nobody is doing anything about it...
> why nobody is doing anything about it > I've read somewhere Before wondering why someone, somewhere is not doing something, confirm that the thing is actually happening in the first place.
This. Exactly this. Truth is old school.
Re: Day ahead electricity prices for EU
#19Each country has more than one zone. Also the rate varies hour by hour
Not Germany, they have single price zone which is absolutely insane. Denmark has two and is much smaller.
It makes sense for Denmark to have two, as each of them is connected to different larger markets and have limited interconnection between each other.
Re: Day ahead electricity prices for EU
#20Green without a proper plan? Germany/Europe will be the green poster children on how not to do it. Guess who will damage the environment more in the end.