4 ms·
Those of us who were warning about this months ago were called Putin bots. EU needs to get their act together on energy (like wartime economy hair on fire emerg
by cpursley 4y ago
Those of us who were warning about this months ago were called Putin bots. EU needs to get their act together on energy (like wartime economy hair on fire emergency situation) or face serious deindustrialization and decrease in standards of living. Once you deindustrialize, it's hard to get it back (see Detroit and other similar places in the US and UK).
- cpursley 4y agoAnd independent both from Russia and the US with energy.
- hef19898 4y agoIsn't that exactly what's happening? But maybe the EU is facing doom, in which case it wont matter that it turns into a desolate, deindustrialized waste land because I will freeze to death in the dark of a blacked out winter anyway. Or not, only time will tell.
- croes 4y agoThe problem isn't energy but how the price is made. The Merit-Order system doesn't fit the current situation.
- cpursley 4y agoCan you explain a bit more what you mean?
- croes 4y agoThe energy price depends on the price of most expensive sold energy source. Nuclear energy and wind and PV energy are pretty cheap but electricity from gas is expensive at the moment. But because of the merit order system all electricity is sold at the price of gas produced energy independent of the real production cost. So if the price of one needed energy source rises, the prices for all skyrocket, not matter if the expensive one is needed for 1% or 50% of the energy demand. All costs the same of the most expensive one.
- cpursley 4y agoMakes sense, thank you for explaining.