2 ms·
Yes, of course there are no cheaper alternatives to turn to. The European electricity market is dominated by a small number of giants which essentially have no
by bjourne 4y ago
Yes, of course there are no cheaper alternatives to turn to. The European electricity market is dominated by a small number of giants which essentially have no competition and does not compete with each other. It's not different from the housing market. Housing isn't freakishly expensive because it has become too expensive to build houses. It is because those who control the market have figured out how to screw over people who need a home to live in (which is almost everyone).
It was the European Commission that designed the integrated electricity market because it was believed that a free market would guarantee low electricity prices for everyone. It seems very naive to believe that this system will function better in the future. For the energy giants it is more profitable to limit supply and jack up prices than to build more capacity.