3 ms·

price of 1MWh on Dec 21 2020: 45€ price of 1MWh on Dec 21 2021: 316€ https://www.wiwo.de/my/unternehmen/energie/knappheitspreise-der-strompreis-wahnsinn-in-f

• stefan_ 5y ago
  price of 1MWh on Dec 23 2021 in France: >400€ https://www.services-rte.com/en/view-data-published-by-rte/france-spot-electricity-exchange.html https://www.services-rte.com/en/view-data-published-by-rte/f... Spot markets be spotting, we can play this game all day long.
  • nkmnz 5y ago
    Concrats, you've discovered that we have a (somewhat) unified electricity market in Europe, so of course prices are highly correlated. So what game do you think can be played all day long? Pretend that everything is good because we have the momentary luxury to pay absurd premiums on Russian gas so that Mr. Putin can pay for his power play?
  • LunaSea 5y ago
    It's that high in France because Germany is knee deep in gas plants. So much for a European partner ...
    • smotah 5y ago
      Indeed, that's a consequence of how the price is artificially calculated within the European electricity market. To avoid providing advantage to electricity resellers having providers with lower production costs the price is calculated according to the price of the last connected plant at any given time within the interconnected grid. It's most of the time natural gas or coal plants because of the "flexibility" needs. The cost of electricity production in France is currently lower than Germany, but the resell price is currently close due to those market rules.
  • finikytou 5y ago
    r u aware that france is paying for the wokeness of germany? just like americans paid for biden wokeness until he woke up and decided to reopen the old polluting coal plants
  • Dma54rhs 5y ago
    The mutual market favors Germans heavily in this situation if you take a closer look at how that price comes to life.