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This is a better situation than the reverse. It’s fortunate the winter has been mild so far. Will be interesting if the LNG industry can keep pace and replace Russia for good.
Nobody can replace Russia and their resources in the long-term.
I had to pay 800 euros last month for home energy on my variable contract in Amsterdam. Insane.
Edit: I'm also on a variable contract
Normally you run storage facilities neither all the way full nor all the way empty: you want to be able to smooth out fluctuations in supply and demand. Because of the war Europe is running gas storage near its upper limit, which means we should expect less flexibility and more price volatility: they won't want to draw them way down if we get a serious cold snap, and they have nowhere to put extra gas if it's warmer…
I am an American and not knowledgeable about how energy pricing works, so I am curious, how do we square this with the rates that Europeans have been paying for energy and natural gas lately? Are utilities making off like bandits? Or were they running very low over the last few months and suddenly got a huge influx?
I am an American and not knowledgeable about how energy pricing works, so I am curious, how do we square this with the rates that Europeans have been paying for energy and natural gas lately? Are utilities making off like bandits? Or were they running very low over the last few months and suddenly got a huge influx?
This is a better situation than the reverse. It’s fortunate the winter has been mild so far. Will be interesting if the LNG industry can keep pace and replace Russia for good.
>LNG industry can keep pace and replace Russia for good. Nobody can replace Russia and their resources in the long-term.
It seems clear that what we’re doing right now can sustain things until spring. If we’re willing to pay to do it again next year, and the year after that… at some point it’s going to be financially viable to change the makeup of both energy sources and how it’s consumed.
I am an American and not knowledgeable about how energy pricing works, so I am curious, how do we square this with the rates that Europeans have been paying for energy and natural gas lately? Are utilities making off like bandits? Or were they running very low over the last few months and suddenly got a huge influx?
They’re trying to cut off Russian supply and being threatened of being cut off. Russian supply is being replaced with American gas. But this is new, it was warm, there was too much gas in places. It happens. It’s good news really.
I had to pay 800 euros last month for home energy on my variable contract in Amsterdam. Insane.
What are the kWh prices in Amsterdam? I'm in London and would need to consume more than 1,700 kw to pay that much (£0.3866 per kWh, £0.3849 standing charge). Edit: I'm also on a variable contract
This is a better situation than the reverse. It’s fortunate the winter has been mild so far. Will be interesting if the LNG industry can keep pace and replace Russia for good.
But the main impact will be to poorer countries which until now might have been depending on LNG while "rich" Europe is buying up everything.
Earlier quoted context omitted.
In fact It’s unseasonably hot currently. Nobody is using heaters at all I suspect.
Where do you live?
(though I might not be impacted as hard later also as the city is producing biogas and is using PtH).