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Day ahead electricity prices for EU

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451–460 of 596 posts

Re: Day ahead electricity prices for EU

#451

Earlier quoted context omitted.

We don't have perfectly impact-free ways of creating energy. So using less energy to achieve the same goal is always better. And carbon dioxide is not the only pollutant that cars emit.

we dont have any way of 'creating' energy

Technically correct but missing the point. Conventionally, burning things, PV, wind, etc. are all classified as "creating energy" even if it makes thermodynamics pedants unhappy.

Re: Day ahead electricity prices for EU

#452

Earlier quoted context omitted.

And yet, right now, solar is 20% of the electricity on the grid in Germany. Wind is 15% (per the electrictymaps app) Sure it would be better if it was a sunnier place, still...

You should see how much they’ve invested in solar to hit that mark, and how much capacity is being unutilized

Or you could tell us.

Re: Day ahead electricity prices for EU

#453
post #60

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.

> The "electricity crisis" is a crisis for European consumers

Well. I don't know where you live, but I'm not paying more than last year.

I read about soaring prices being an issue in the UK. Prices, here, in France are fixed twice a year by the energy commission. Right now, residential electricity increased by 4% last February and remained unchanged at the start of August. So it means that whatever is happening in the market, is not affecting us. Actually, I will probably have 2-3 months of cash back at the end of the year.

Not really a crisis, to be honest.

However I would be very interested to know what is the situation like for my fellow European citizens !

Re: Day ahead electricity prices for EU

#454

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.

No idea about the Czech, but that's exactly what's happening in Norway. Due to trade agreements with the EU, we can not discriminate between national and EU customers when selling electricity. To be completely accurate, we aren't selling on a German exchange, we're selling on local ones, but those local exchanges are experiencing price pressure from EU customers due to export capacity recently being increased due to…

The grandparent could have done a better job explaining what she meant. You've explained it much better. EU rules forbid discrimination between domestic and EEA customers in electricity markets. Therefore, any significantly interconnected country to the rest of the EU will have similar prices.

Countries like Norway, which have abundant, cheap, generation, are paying EEA prices in its highly interconnected bidding zones (NO1,NO2). The next few months, if prices persist, are likely to see lots of pressure from Norwegians to curtail exports (i.e. close off transmission capacity to EEA). This would significantly decrease prices for Norwegians, but damage the EU's integrity. The same can be said of other countries with abundant, cheap generation that are suffering the consequences of other EEA countries' actions w.r.t their electricity supply.

I say this as a supporter of the EU, but the integrated electricity market's future is in peril this winter.

Re: Day ahead electricity prices for EU

#456
post #442
post #299

Earlier quoted context omitted.

That’s just a different problem we can’t solve, either.

Multiple solutions are already known, some better some worse. It's politics and economics that's in the way, and even then the world is changing.

> Multiple solutions are already known

Care to link to some?

Re: Day ahead electricity prices for EU

#457

Earlier quoted context omitted.

Is an investment foolish if it has a positive ROI? I live in Belgium, and even without subsidies and before the current increases in electricity prices, solar panels had a payback period of ~ 10 years (while they generally last ~ 25 years). Why would it be foolish to invest in this? You say that they would be 10x as efficient in Southwestern USA. But how would you transport the electricity from the USA to Germany? Is…

It's an opportunity cost, particularly in Germany against other RET investments such as nuclear/wind: https://www.sciencedirect.com/science/article/pii/S030142152...

last time that i checked, I couldn't find any nuclear reactor to my home. I have however 8kwh solar panel on my roof and I'm quite happy with that.

Re: Day ahead electricity prices for EU

#458

Earlier quoted context omitted.

Also, we barely use gas - price is mostly driven by coal.

I imagine Poland was much more paranoid than Germany about becoming overly dependent on Russian gas. Of course, now Germany is scrambling to turn coal plants back online.

Poland simply produced most electricity with coal rather than gas for decades, even during communism.

This is not related to Russia.

Re: Day ahead electricity prices for EU

#459
post #300

Earlier quoted context omitted.

It has been happening here in Romania for more than a decade now, our previous president even called them out as “the smart guys from the power industry” (where “smart” was used in a derogatory way), of course that nothing came out of it all. There were also a couple of curious deaths happening in the industry (the head of our State-owned hydro company, who died in his late 30s, the local boss of a power utility, who…

Is that a recoil from the Eastern-Bloc era worship of intellectuals, or is it completely separate, or something else? Americans are often accused of undervaluing people who pursue intellectual professions and propping up "Joe the Plumber," which is why I ask.

I think it dates to before WW2, it's the spirit of "he was smart enough to fool the State/those in command, he deserves all our respect".

Re: Day ahead electricity prices for EU

#460

Earlier quoted context omitted.

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.

Since, as of today, electriciry cannot be stored, but is consumed the moment it is generated, we have all those problems. Base and peak load, PV and wind being less (not completely unusable as real life data shows) in line with eletricity consumption... The list goes on. And that fact is part of the reason why prices are going haywire.

Electricity isn't stored, it is consumed.

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