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Day ahead electricity prices for EU

euenergy.live

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Re: Day ahead electricity prices for EU

#271
post #260

Earlier quoted context omitted.

Without thinking too hard about the efficiency, it's clearly just not a _safe_ proposition with our current best (most energy-dense per weight) batteries.

There are regular train/truck transports with much more dangerous and volatile chemicals than lithium.

The current dangerous transports are not nearly as widely deployed as battery trucks would be required to be to be viable.

Re: Day ahead electricity prices for EU

#272

Earlier quoted context omitted.

But that just moves the question. Why has natural gas become more expensive when it has not become more expensive to produce? Furthermore, only 15% of Germany's power production comes from natural gas ( https://www.cleanenergywire.org/factsheets/germanys-energy-c... ) and the market price has "only" tripled in the last year ( https://www.euronews.com/my-europe/2022/08/25/europes-gas-pr... ) while electricity prices h…

>Why has natural gas become more expensive when it has not become more expensive to produce? Price is a function of supply and demand. Supply was massively reduced by sanctions and war, so price goes up, simple as that. >This is price gouging. If electricity producers had enough pricing power to set the price to whatever they wanted without competition they'd already have done so years ago. Again, price is a function…

> Price is a function of supply and demand. Supply was massively reduced by sanctions and war, so price goes up, simple as that.

But this is not true. Price is a function of whatever price the seller sets. Look at the actual circumstances rather than on mathematical models with no bearing on reality.

Re: Day ahead electricity prices for EU

#273

I'm starting to have flashbacks to Griddy and the $9,000/MWh wholesale pricing I had to dance around in Feb 2021. The novelty of accounting for small appliance usage in dollars per hour wore off pretty quickly for me. I was able to get my sustained electricity consumption under ~800w (including central furnace blower) after some extreme compromises. Only had to pay about a thousand dollars for that incident. I know o…

Can you elaborate on what you reduced and what was remaining for the 800w? I am curious

Re: Day ahead electricity prices for EU

#274
post #156

This is nothing. If you want to panic, check the futures markets for the next 2 quarters, especially France. So I think short term we are pretty screwed. But I think if you can produce electricity at 1/10 or even 1/20 of the price, wouldn't you be adding new capacity now? The only fast option are renewables, so my wild guess is that there will be so much new capacity added in the next years, the bottleneck will not b…

Should I panic enough in Germany to be wise to consider moving away? Where as a European?

> Looking for a change of scene?

> Russia’s “beautiful women, cheap gas, and traditional values” await you, according to a bizarre new video shared by a Russian embassy.

> The 53 second clip urges foreigners to “move to Russia” by listing the country’s supposed virtues.

https://www.euronews.com/travel/2022/08/01/beautiful-women-a...

Re: Day ahead electricity prices for EU

#275

Current spot price in northern Norway is €10.16/MWh, while it is €745.08/MWh in southern Norway (73x the price), largely due to limitations in transport networks between the electricity zones. The price in the northern zone is so low that some hydro plants have stopped producing electricity as they would be losing money at the current price level. https://www.skandiaenergi.no/dagens-spotpriser/ Electricity Maps has a…

All energy problem reduce to problems of energy transportation. We have a huge fusion reactor in the sky. The challenge is capture and transit. The problem is not incidental; it's fundamental.

> The problem is not incidental; it's fundamental.

WTF does that mean?

Re: Day ahead electricity prices for EU

#276

Current spot price in northern Norway is €10.16/MWh, while it is €745.08/MWh in southern Norway (73x the price), largely due to limitations in transport networks between the electricity zones. The price in the northern zone is so low that some hydro plants have stopped producing electricity as they would be losing money at the current price level. https://www.skandiaenergi.no/dagens-spotpriser/ Electricity Maps has a…

Ok, fun ideas for what to do with a megawatt hour for $10? (that aren't mining crypto)

Re: Day ahead electricity prices for EU

#277
post #268
post #266

Earlier quoted context omitted.

It's not possible, everyone gets the same price. https://www.rechargenews.com/energy-transition/europes-power...

According to this theory the price of energy should be the same in all of Europe, since it's the same mandated price. But it's not according to article graph.

the price of gas sets the marginal price at which power is sold by all generators at any time. Different countries buy different contracts , but they all see skyrocketing prices , at different levels

https://energy.ec.europa.eu/topics/markets-and-consumers/eu-....

Re: Day ahead electricity prices for EU

#278
post #62

To put this into context: https://tradingeconomics.com/commodity/eu-natural-gas I call this “the Greta curve”.

Am I missing something, or does the price still not seem that high in USD? I'm used to paying like $.15 per kWh which is half roughly of the prices in Europe? It's big but... Idk

Re: Day ahead electricity prices for EU

#279

Current spot price in northern Norway is €10.16/MWh, while it is €745.08/MWh in southern Norway (73x the price), largely due to limitations in transport networks between the electricity zones. The price in the northern zone is so low that some hydro plants have stopped producing electricity as they would be losing money at the current price level. https://www.skandiaenergi.no/dagens-spotpriser/ Electricity Maps has a…

Ok, fun ideas for what to do with a megawatt hour for $10? (that aren't mining crypto)

I'll start:

Load up a truck with several tons of batteries, charge them, and ship the electricity south.

Re: Day ahead electricity prices for EU

#280
post #263

Earlier quoted context omitted.

>Why has natural gas become more expensive when it has not become more expensive to produce? Price is a function of supply and demand. Supply was massively reduced by sanctions and war, so price goes up, simple as that. >This is price gouging. If electricity producers had enough pricing power to set the price to whatever they wanted without competition they'd already have done so years ago. Again, price is a function…

No, the EU wholesale market uses a marginal price, that does not reflect the cost of generation (supply), but the highest cost available at any moment sets the price for everyone (at least as far as i understand). It s a free market but prices are set by a very inflexible rule.

this doesn't change anything. If supply was higher, e.g. using solar/wind/nuclear/coal, prices would be lower
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