Interesting why France (with its nuclear power plants) and Switzerland (with hydro) have the highest prices.
There had to shutdown a few plants in the past few days.
https://www.reuters.com/world/europe/edf-shares-plunge-after...
European Energy Crisis: price per MWh now above 300 EUR in many countries
11–20 of 22 posts
Re: European Energy Crisis: price per MWh now above 300 EUR in many countries
#12EU commission wanted free market. It will lower energy prices, they said. That worked quite well isn't ?
Even ignoring the fact that this isn't a free market by any stretch, the fact is the EU imposes massive costs which will necessarily be reflected in the price of electricity. For example, about 60% of the cost of electricity in Poland is tied up in buying carbon credits [1]. Now you may agree with the existence of such a system, but that doesn't make its consequences cease to be. [1] https://twitter.com/michal_1979/s…
'Free Market' doesn't mean 'no regulation', in fact the existance of externalites prevents a free market from functioning as it is supposed to.
Re: European Energy Crisis: price per MWh now above 300 EUR in many countries
#13Hopefully this speeds up the adoption of solar panels. We have the tech to be less reliant on fossil fuel and ee should be doing that
No post body was provided.
Re: European Energy Crisis: price per MWh now above 300 EUR in many countries
#14Guess that's what happens when you shut down safe, cheap, emissions-free sources of electricity for nonsense ideological reasons (nuclear power plants).
Re: European Energy Crisis: price per MWh now above 300 EUR in many countries
#15I'm currently paying around 0.02 EUR / KWh (or 20 EUR / MWh) here in Norway, though in a much cheaper area - so luckily I got / am getting through this pretty smoothly.
But for a country that has been blessed with low energy prices, it's currently a very hot topic.
Re: European Energy Crisis: price per MWh now above 300 EUR in many countries
#16Hopefully this speeds up the adoption of solar panels. We have the tech to be less reliant on fossil fuel and ee should be doing that
> Hopefully this speeds up the adoption of solar panels
Except the solar energy potential in Northern Europe is too low to be cost effective. Going big on solar isn’t going to lower prices.
Re: European Energy Crisis: price per MWh now above 300 EUR in many countries
#17Guess that's what happens when you shut down safe, cheap, emissions-free sources of electricity for nonsense ideological reasons (nuclear power plants).
At least in Belgium, I have the impression the nuclear reactors are end of life and based on obsolete designs. They already did a few emergency stops and underwent expensive repairs. The right question should have been if they should be replaced. Which is a lot harder to sell .
Re: European Energy Crisis: price per MWh now above 300 EUR in many countries
#18Earlier quoted context omitted.
Even ignoring the fact that this isn't a free market by any stretch, the fact is the EU imposes massive costs which will necessarily be reflected in the price of electricity. For example, about 60% of the cost of electricity in Poland is tied up in buying carbon credits [1]. Now you may agree with the existence of such a system, but that doesn't make its consequences cease to be. [1] https://twitter.com/michal_1979/s…
'Free Market' doesn't mean 'no regulation', in fact the existance of externalites prevents a free market from functioning as it is supposed to.
It actually does. When your regulations is interfering with the normal functioning and price discovery of the market, you're not in a free market.
You might be able to argue that regulations that simply provide market participants with additional information dont interfere with that, but carbon credits are most certainly not that.
You may agree with the regulations, but that doesnt maoe them any less nefarious.
Re: European Energy Crisis: price per MWh now above 300 EUR in many countries
#19Earlier quoted context omitted.
'Free Market' doesn't mean 'no regulation', in fact the existance of externalites prevents a free market from functioning as it is supposed to.
It actually does. When your regulations is interfering with the normal functioning and price discovery of the market, you're not in a free market. You might be able to argue that regulations that simply provide market participants with additional information dont interfere with that, but carbon credits are most certainly not that. You may agree with the regulations, but that doesnt maoe them any less nefarious.
That's literally what Carbon credits are. That indeed is the whole point of economists proposing them as a mechanism.
What do you think they are if not that?
Note electricity is and always has been a highly regulated industry, but Carbon Credits are in fact a move towards more market signals.
You might disagree with the shared consensus reality, perhaps you think CO2 is a hoax molecule invented by the Swiss as a prank, but even then, Carbon Credits are clearly an attempt to price in this fictitious molecule and apply market signals to it.
Re: European Energy Crisis: price per MWh now above 300 EUR in many countries
#20Earlier quoted context omitted.
It actually does. When your regulations is interfering with the normal functioning and price discovery of the market, you're not in a free market. You might be able to argue that regulations that simply provide market participants with additional information dont interfere with that, but carbon credits are most certainly not that. You may agree with the regulations, but that doesnt maoe them any less nefarious.
That's literally what Carbon credits are. That indeed is the whole point of economists proposing them as a mechanism. What do you think they are if not that? Note electricity is and always has been a highly regulated industry, but Carbon Credits are in fact a move towards more market signals. You might disagree with the shared consensus reality, perhaps you think CO2 is a hoax molecule invented by the Swiss as a pran…
Except carbon credits are not providing information, they are imposing costs. The 2 are not one and the same.
You might argue that electricity providers having to inform their customers of how much carbon was generated in the production of electricity is simply informing the customer and therefore compatible with a free market.
You cannot make that argument when the state is imposing the legal requirement to purchase licenses to output said carbon.
Again, you may agree with such a measure (I don't), but agreeing with the measures doesn't change their nefarious effects.