131–140 of 596 posts
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All energy problem reduce to problems of energy transportation. We have a huge fusion reactor in the sky. The challenge is capture and transit. The problem is not incidental; it's fundamental.
A huge fusion reactor in the sky that isn't available in the evening or when it's cloudy.
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Poland. As an EU citizen working online, it was as easy as buying a plane ticket, renting an AirBNB, registering a company, and waiting over a year until I got connected to the healthcare / social security system and such.
Wow that is really neat. Is there ever a problem with everyone wanting to move to all the good places haha? I wonder if they will get really expensive to live in like California and New York. Not that I’m saying CA and NY are the “good” places of USA but many perceive it that way.
Remember that, while prices have soared, electricity generation has not become more expensive. The "electricity crisis" is a crisis for European consumers but a massive windfall for producers. This is a market failure - not an electricity failure.
Production cannot be scaled up and down infinitely and immediately.
The price is a market signal.
The fact that production cannot be immediately scaled to serve the customer demand and bring prices (and therefore profits) back down to a "normal" level is not a market failure either; it's simply a physical reality.
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I’m not sure what you are trying to say. The reasons for the energy prices have nothing to do with any European bureaucracy. If anything more investments into green energy would have put us into a better position.
The European bureaucracy is what dismantled all the old cheap energy production and forced massive investment and massive subsidies in renewable energy that can't actually cope with the real load.
Remember that, while prices have soared, electricity generation has not become more expensive. The "electricity crisis" is a crisis for European consumers but a massive windfall for producers. This is a market failure - not an electricity failure.
Can anybody explain why that is? Why a country that generates 99+% of its own electricity like UK is seeing price increases? Everybody blames the war, but AFAIK UK imports 1% of its gas from Russia, and its electricity is generated locally, so why are prices increasing? I would expect grain and wheat to increase 500%, not power.
Same thing for gas, uk is competing with their neighbors for a resource that just got a whole lot more scarce (locally), causing prices to rise
From the perspective of a retail electricity customer, would knowing this help reduce your bill?
This is nothing. If you want to panic, check the futures markets for the next 2 quarters, especially France. So I think short term we are pretty screwed. But I think if you can produce electricity at 1/10 or even 1/20 of the price, wouldn't you be adding new capacity now? The only fast option are renewables, so my wild guess is that there will be so much new capacity added in the next years, the bottleneck will not b…
* Baseload from nov22 to feb23 above 2000€/MWh
* Peak Load nov22 to dec22 at 3000€/MWh
* Peak Load Q1/23 at 2970€/MWh
But the prices for other nations also went up steeply.
[1] https://www.eex.com/en/market-data/power/futures#%7B%22snipp...
At $0.40/kWh Germany is now paying the same or slightly less than a PG&E TOU customer. I didn’t realize their electricity was so much cheaper than ours to start with.
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Are there any plans to build an infrastructure to connect both networks? It seems like a great idea in the current situation
Already exists. The main limitation is the number of cables and GW capacity.Also ramping up cable production has a bit of latency and installing them even more. And it's capital intensive and only makes sense when electricity prices are high. They are right now but that's not a permanent situation.