Electricity Prices by Country

Post by pyrale » Sat, Apr 08, 2023, 9:51 PM UTC

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?

Post by p1mrx » Sat, Apr 08, 2023, 9:53 PM UTC

tyingq wrote: post #81

uecker wrote: post #68

Earlier quoted context omitted.

Household prices are meaningless in this context, because they are artificially kept low in France and sometimes are affected by taxes and fees elsewhere. Here are spot marked prices: https://tradingeconomics.com/france/electricity-price https://tradingeconomics.com/germany/electricity-price

Interesting. In many states in the US, cost per Kw/H is lower for businesses, even very small ones, than for residences.

Post by [deleted] » Sat, Apr 08, 2023, 9:56 PM UTC

pyrale wrote: post #121

voisin wrote: post #92

Earlier quoted context omitted.

> 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?

Because then, providers would try to guess the highest bid and bid $1 lower. As every bidder would miss once in a while, that loss would be factored in prices, and raise prices overall. This bidding system ensures that everyone can publish their lowest bid with no fear of losing out, and by doing so, it maximizes publicly available data so regulators and TSOs have a good idea of what is actually available and which i…

Post by haupt » Sat, Apr 08, 2023, 9:59 PM UTC

tzs wrote: post #110

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'd guess that a far bigger factor is that the US has a much higher percentage of houses the use electricity for room heating. I believe that it is similar for water heating. In the US there is also a high percentage of houses that use electricity for the stoves and oven and for clothes drying. A brief didn't turn up how much electricity is used for those things in the UK, but if it is like much of the rest of Europe…

Post by panarky » Sat, Apr 08, 2023, 10:12 PM UTC

mpsprd wrote: post #74

I'm incredibly lucky to live in Quebec, Canada: 100% green hydro power at low rates. Tarif D has the first 40kwh at 6.509 Canadian cent/kWh, then 10.041 [0] It's also state owned. From what I've seen it's the best combo of green and pricing in the world. 0: https://www.hydroquebec.com/residential/customer-space/rates...