Are these prices consumers pay? Or does the gov absorb it? Way to cool off the ev excitement
Day ahead electricity prices for EU
171–180 of 596 posts
Re: Day ahead electricity prices for EU
#172This 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…
Should I panic enough in Germany to be wise to consider moving away? Where as a European?
To a house that is not heated by direct electricity (nor by gas), or to one where you have installed some other source of heating such as heat pumps or district heating.
Re: Day ahead electricity prices for EU
#173Earlier quoted context omitted.
France has a shitload of nuclear capacity and low dependence on gas. Why is their energy rising so much?
Because their nuclear power plants are currently going belly up one after another. Many of them are the same model, with parts from the same factory. That factory made some bad parts. They need to be exchanged. It takes a lot of time, many months.
This is not entirely true. Some power plants are just coincidentally under planned maintenance.
Re: Day ahead electricity prices for EU
#174Earlier quoted context omitted.
France has a shitload of nuclear capacity and low dependence on gas. Why is their energy rising so much?
Because their nuclear power plants are currently going belly up one after another. Many of them are the same model, with parts from the same factory. That factory made some bad parts. They need to be exchanged. It takes a lot of time, many months.
Also significant capacity loss from plants unable to run in droughts, since they rely on cooling water that has now dried up.
Nukes reliant on Loire valley water are currently curtailing production.
Re: Day ahead electricity prices for EU
#175Current spot price in northern Norway is €10.16/MWh, while it is €745.08/MWh in southern Norway (73x the price), largely due to limitations in transport networks between the electricity zones. The price in the northern zone is so low that some hydro plants have stopped producing electricity as they would be losing money at the current price level. https://www.skandiaenergi.no/dagens-spotpriser/ Electricity Maps has a…
Ive tried to explain this issue to EVs fanatics, but nobody listens.
Anytime you mention energy transmision issues - you get total backlash.
We wasted EU money on pointless stuff while we could have upgraded our transit cables etc.
Re: Day ahead electricity prices for EU
#176Earlier quoted context omitted.
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.
Remember that "transport" includes "to storage", which in turn includes some of the most efficient batteries in the form of connected reservoirs located at different heights so that gravity does the discharging work.
Re: Day ahead electricity prices for EU
#177Re: Day ahead electricity prices for EU
#178Earlier quoted context omitted.
The grid operator won't make an agreement to move a little bit of power that is advantageous to the small producer. So in essence, because they can't get it there.
Sounds like they're exploiting their monopoly over the connections that small producers need.
Sure, more or less. But there are real costs and financial costs of getting the power to the other market, and they are probably being forced by regulation to buy the power at all (prices won't always be tipped in the one direction).
Re: Day ahead electricity prices for EU
#179Current spot price in northern Norway is €10.16/MWh, while it is €745.08/MWh in southern Norway (73x the price), largely due to limitations in transport networks between the electricity zones. The price in the northern zone is so low that some hydro plants have stopped producing electricity as they would be losing money at the current price level. https://www.skandiaenergi.no/dagens-spotpriser/ Electricity Maps has a…
Ive tried to explain this issue to EVs fanatics, but nobody listens. Anytime you mention energy transmision issues - you get total backlash. We wasted EU money on pointless stuff while we could have upgraded our transit cables etc.
Neither investment in EVs and repairing transmission issues live in isolation and both can be invested in at the same time. Solving one issue might also help solve the other (e.g. charging EVs can occur at non-peak times which balances energy demands, and in future EVs could be used as batteries to discharge into the grid during peak times).
Re: Day ahead electricity prices for EU
#180Are these prices consumers pay? Or does the gov absorb it? Way to cool off the ev excitement
It varies by country. For example, in Malta the government is currently absorbing it:
https://timesofmalta.com/articles/view/greens-want-fuel-subs...
"Electricity tariffs and fuel prices have remained frozen in Malta despite skyrocketing international prices, with the government spending hundreds of million to cover the difference and keep local prices stable.
Times of Malta reported on Friday that maintaining the subsidy in place next year is likely to cost taxpayers €400 million."
OTOH in the UK:
https://www.cnbc.com/2022/08/26/uk-energy-bills-to-rise-by-8...