4 ms·
That’s why Denmark and Germany, two EU countries with highest % wind, have the highest electricity cost in Europe. Math checks out.
by vimy 4y ago
That’s why Denmark and Germany, two EU countries with highest % wind, have the highest electricity cost in Europe. Math checks out.
- bryanlarsen 4y agoGermany gets 75% of its energy from fossil fuels. Of course its electricity price went up. British Columbia gets 99% of its energy from renewables. It's electricity price decreased in 2022.
- vimy 4y agoThis was before the war. You see the same with France and Belgium. Respectively 80 and 60 % nuclear. Very cheap prices until renewables were introduced. 99 % is impossible. Storage systems to achieve 99 % don't exist yet.
- bryanlarsen 4y agoBC electricity is 87% hydroelectric, so 100% renewable is easy there, since all that hydro can act as giant batteries. The link to the Electrify book in my original comment shows how to get to 100% green electricity. It's possible. Not easy nor cheap, but possible. It uses existing nuclear because that's cheap and rational. It doesn't include building more nuclear, though because that would add trillions to the cost.
- bryanlarsen 4y agoPrice is set at the margin. The price of a commodity is equal to the cost of production of the most expensive unit that meets demand. Let's take good foo. Foo has three producers, A can make them for $1/unit, B for $2/unit and C for $3/unit. If A can satisfy demand then the price will be $1 and B&C won't make or sell anything. If A&B can satisfy demand then the price will be $2. But if A, B & C are required to meet demand the price will be $3 while A&B will be rolling in the profit. Therefore the fact that the price of electricity is going up commensurate with fossil fuel prices is good evidence that fossil fuel electricity is the most expensive source.