Day ahead electricity prices for EU

Post by beebeepka » Sat, Aug 27, 2022, 1:42 PM UTC

mandmandam wrote: post #32

dkjaudyeqooe wrote: post #13

Earlier quoted context omitted.

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 th…

> Prices will moderate over time as inefficient producers are pushed out and as consumers reduce their usage due to high prices. Electricity isn't optional. "The market" didn't make water, or housing, or waste, or healthcare, or telecoms, etc, cheaper once privatized. In fact, it didn't make energy cheaper in the countries that privatized it.

Post by jacquesm » Sat, Aug 27, 2022, 1:43 PM UTC

fest wrote: post #15

At 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…

Post by JohnJamesRambo » Sat, Aug 27, 2022, 1:44 PM UTC

admissionsguy wrote: post #35

My move to Sweden continues to pay unexpected dividends. And what the map shows is I suppose based on the average for the whole country - it's several times cheaper in the north (the "real" Sweden with auroras and stuff) than in the south. Let's be real though, the society will fall apart before energy costs become a big problem for people working in tech.

Post by tomp » Sat, Aug 27, 2022, 1:45 PM UTC

the_mitsuhiko wrote: post #28

capableweb wrote: post #7

Earlier quoted context omitted.

> 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.

I have no clue about Czechia but that’s basically happening in Austria. Austria mainly produces energy from renewables which did not go up in price buy since the price on the exchanges is determined by the most expensive source we still pay exorbitant prices. Producers are making all the money right now.

Post by jdross » Sat, Aug 27, 2022, 1:46 PM UTC

bitL wrote: post #39

mechagodzilla wrote: post #26

Earlier quoted context omitted.

That would almost certainly be the price per kilowatt-hour, not megawatt-hour, which would make a MWh ~100EUR. Anybody that is getting rich on the energy markets right now is either because they're better at betting on future energy prices than their rivals, or they have the ability to produce electricity when demand for it is extraordinarily high (both of which would qualify as 'a reason').

Thanks, will need to find the source again and see if it was indeed 0.1/kWh and not MWh (talking about production costs at a cheaper country with nuclear power plants fully paid for in the past). EDIT: Just found out production costs from another source: Dukovany Nuclear Power Plant - 20.31EUR/MWh Temelin Nuclear Power Plant - 34.52EUR/MWh