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Electricity Prices by Country

electricrate.com

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Re: Electricity Prices by Country

#111

Post by foobazgt »

lotsofpulp wrote: post #100
perardi wrote: post #84

One little thing that stuck out: The USA leads the way in terms of household electric usage in the world – an average US household consumes approximately 975 kilowatt-hours of electricity each month, three times more than for example the United Kingdom. Which got me wondering how big US domiciles are versus those in the UK. Turns out: lot of big-ass houses here in the US. https://shrinkthatfootprint.com/how-big-is-a-…

I am curious about quintile statistics, or at least median. Domiciles are definitely bigger in the US, but I bet the mean average is dragged way up by the top 20% of houses. Air conditioning also uses the most electricity in a house, and the US has a lot more populated hot and humid regions than many European countries.

https://www.fool.com/the-ascent/mortgages/articles/how-big-i... claims the median in the US is 2014 sqft.

Re: Electricity Prices by Country

#112

Post by gtirloni »

karussell wrote: post #75
yodsanklai wrote: post #46

France seems to be in a sweet spot: low electricity price and low CO2 emissions, thanks to nuclear power?

Sweet spot of a mess I guess: half of the 56 nuclear plants were offline (and some still are) due to maintenance or too warm cooling water in Summer. https://www.theguardian.com/business/2022/aug/03/edf-to-redu...

So even with half of the 56 nuclear plants offline, they're still ahead. Impressive.

Re: Electricity Prices by Country

#113

Post by [deleted] »

sandworm101 wrote: post #5

Percentage of a daily wage? What is the basis for these numbers? I am in an extraordinarily cheap part of North America in terms of electricity, but I can say that my costs are well above the 1-2% of my daily wage. And that is only the costs I pay in my monthly bill. Lord knows how much electricity I also burn at work doing my job.

[deleted]

Re: Electricity Prices by Country

#114

Post by napoleongl »

sokoloff wrote: post #11
TrackerFF wrote: post #7

Norway (where I'm from) is somewhat complex, because the country is divided into five regions, and the northernmost regions have poor transfer capability to the southern regions. The southern regions, however, have quite good transfer capacity to export (to European countries), so those regions often have to compete with export prices. What this means, is that the prices can vary significantly withing Norway. While w…

> we up in northern Norway paid around $0.0005 / kWh last summer Is that figure accurate? It’s so crazy low that it would lead me to expect the area to be saturated with aluminum smelting and other high electric consuming operations.

Without having studied the Norwegian grid, the Swedish one that it is connected to also experience negative prices som nights when there’s a lot of wind and we generate some 10 GW of wind power. Coupled with the nuclear plants in Sweden that still are online and we pretty much have an issue with too much being generated… Then again things freaked out in the opposite direction when two of the plants went a offline, the wind was basically zero and we had freezing temps all over the country.

Re: Electricity Prices by Country

#115

Post by makeitdouble »

bagels wrote: post #65
marcodiego wrote: post #12

Prices of anything "by country" should be normalized by local average income. Ideally, for a fairer comparison, a good metric is "how many hours of work of a median citizen for each unity" of such a good. EDIT: article does something similar to that: https://www.electricrate.com/wp-content/uploads/2020/12/coun...

That speaks to affordability, but not to why some countries just don't seem to be able to do it effectively, costing an order of magnitude more in some countries than others.

TBF price doesn't work well as a proxy for actual cost or efficiency either.

Many countries have price caps set by the government, subsidies to keep electricity affordable, or weirder/more complicated schemes to finance energy production.

Re: Electricity Prices by Country

#117

Post by grogenaut »

cjensen wrote: post #58

$0.14/kWh in the US? My goodness. It's double that in the Bay Area. There's a reason I invested in solar for my home. Also the map of low-carbon countries looks a lot like a map of where it rains a lot.

I pay .08 for first part and then .11 thereafter in seattle

Re: Electricity Prices by Country

#118

Post by wcoenen »

voisin wrote: post #92
tfourb wrote: post #51

If you are asking yourself why prices in Germany are so high: It's mostly the price surge of natural gas after Russia cut off deliveries in retaliation to sanctions in the wake of the war against Ukraine. About 50% of the price per kw/h in Germany is set by an auction system. Electricity providers are bidding at any given point in time to provide energy for the grid. The lowest price per kw/h wins. BUT: because no on…

> all bids that are necessary to satisfy the demand are considered and the final price is set by the most expensive bid within that range What’s the logic here? Why not just accept bids in order of ascending price until demand is met?

I don't know the answer, but this is known as a "uniform-price auction", as opposed to "pay-as-bid auction". There is a lot of literature on the subject. For electricity markets, things are complicated by the finite capacity of transmission links and lack of storage.

Re: Electricity Prices by Country

#119

Post by gtirloni »

wand3r wrote: post #104

> Venezuela - $0.00? It doesn't really expand on this either. It only says they have tons of natural energy resources. So when they say 0, do they just mean average people just dont have to pay?

There are many sources online saying it's not $0.00 so I don't know where that number comes from.

Re: Electricity Prices by Country

#120

Post by hattmall »

lotsofpulp wrote: post #108
rippercushions wrote: post #105

Earlier quoted context omitted.

Nope, electric heating uses much more power than air conditioning.

I guess that is true, I just imagined so few domiciles actually use electric heating, or use electric heating in places that do not get really cold, that it is not a significant factor in national statistics of electricity usage. Seems like 40% of US households use electric heating though, which is way more than I expected. https://www.census.gov/acs/www/about/why-we-ask-each-questio... Edit: fixed link

Most of that is going to be heat pumps in moderate climates.
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