Earlier quoted context omitted.
Here in Austria, grid costs are now on par with the actual electricity cost. Each are ca €0.1 per kWh now, plus again that in taxes. Once the EU finally gets rid of the ridiculous pricing model where spot prices are dictated by the most expensive energy source (usually, gas), we might have a situation where grid costs exceed the cost of energy itself. Oh and what do they do with that money? Hoard it for upcoming grid…
>Once EU finally gets rid of the ridiculous pricing model where spot prices are dictated by the most expensive energy source (usually, gas), we might have a situation where grid costs exceed the cost of energy itself. Why is it ridiculous? From a pure mathematical economics point of view it's genius I think. It means energy producers can just set their price at production price, knowing they will get the best deal th…
- https://www.businesselectricityprices.org.uk/media/n35dlcza/...
- https://www.endfuelpoverty.org.uk/energy-giants-see-457-bill...