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Electricity Prices by Country

electricrate.com

71–80 of 312 posts

Re: Electricity Prices by Country

#71

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

There's a important lesson about using nuclear power as an energy source in there. Contrast that with Germany which is shuttering their nuclear power plants in favor of renewables.

See my comment to parent. There is an important lesson about not being misled by looking at the wrong data.

Re: Electricity Prices by Country

#72
post #14

This is overly simplified. A few aspects come to mind that have huge effects, in orders of magnitude: * Price differences during day/week/seasons. Cold day? Electricity can be 2-3x higher than the day before. Lots of sun/wind? Price plummets. ... * Price differences in regions. Norway, Sweden, Germany, those alone have huge differences in electricity prices depending on where you live. * Pricing relative to economic…

Yes, but these are averages so it shouldn't matter. Assuming this is total spent in all households over a year, divided by population, it accounts for all fluctuations in time and region. And at the end of the day, all that really matters is what you paid over the year. And they already have a chart that adjusts for average wages as well. So nothing whatsoever here strikes me as misleading or propaganda. Averages are…

> Yes, but these are averages so it shouldn't matter. Assuming this is total spent in all households over a year, divided by population, it accounts for all fluctuations in time and region

Except that that's definitely not what's shown here.

> I'm actually curious just what you imagine this could even be "propaganda" for

I did end the post with just that.

Re: Electricity Prices by Country

#73
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.

Yeah that makes me question the data gathering methodology. The raw electricity cost in the Bay Area is about $0.14/kwh but the delivery cost is nearly 1.5x that so you're actually paying something closer to $0.39/kwh

Re: Electricity Prices by Country

#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...

Re: Electricity Prices by Country

#75

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...

Re: Electricity Prices by Country

#76
post #44
post #14

This is overly simplified. A few aspects come to mind that have huge effects, in orders of magnitude: * Price differences during day/week/seasons. Cold day? Electricity can be 2-3x higher than the day before. Lots of sun/wind? Price plummets. ... * Price differences in regions. Norway, Sweden, Germany, those alone have huge differences in electricity prices depending on where you live. * Pricing relative to economic…

Maybe it strikes you as propaganda because you disagree with what it seems to indicate? Why would it matter if people in Berlin pay more than people in Munich, or vice versa? Energy policies are generally national, so national data is the correct level of granularity. Most of your criticisms seem to stem from a lack of understanding as to what the word "average" means.

It sells values as averages that definitely are not.

Re: Electricity Prices by Country

#77

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...

Forgot to do maintenance in France so now all nuclear is bad?

Re: Electricity Prices by Country

#78
post #66
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…

You describe the auction system as a bad thing. But actually it's a good thing. The providers who (through investment and/or technological superiority) are able to provide cheaper electricity, make more money. Capitalist progress engine at its finest!

I don't think I provided any judgement whatsoever, I just described how it works and the effects it had in this specific situation. Both are correct as I described them, to the best of my knowledge.

If you are interested in my opinion, I'm perfectly willing to accept that this kind of auction system works efficiently and effectively under normal circumstances. But in this specific scenario, it led to consumer prices rising by about 130% due to a sudden geopolitical shock. I personally find this less than ideal and I would have preferred a system that provides a bit more stability, because electricity is a fundamental need. Price jumps of this nature were unheard of in Germany, so no one was prepared for them, either.

Re: Electricity Prices by Country

#79
post #66
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…

You describe the auction system as a bad thing. But actually it's a good thing. The providers who (through investment and/or technological superiority) are able to provide cheaper electricity, make more money. Capitalist progress engine at its finest!

Yes, it's not as if wind turbine energy would be sold at 9 cents per kw/h if the system wasn't like this. The auction system makes it so that the best way to make money is to share information, which is a good thing.

Re: Electricity Prices by Country

#80
post #62
post #54

Earlier quoted context omitted.

To think there were nuclear reactors already built and running perfectly fine in Germany. That were closed down presumably for ecological reasons. Burning coal and natural gas instead.

They werent that many to begin with they growing increasingly expensive to run, were coming to the end of their lifespan and Fukushima was a risk that was hard to ignore. It's interesting how Poland's electricity mix has been 80% coal for decades and this passes without comment, but what really enrages some people is a few nuclear power plants in Germany being mostly swapped out with solar and wind energy. Doesnt see…

Poland's coal use is also a huge problem. However, they don't receive as much comment because Germany is richer, so more able to afford cleaner energy sources, and Poland wasn't ignorant and short-sighted about using Russian natural gas.
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