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I just wish this was the price on my bill. But it’s not. It’s 13x more and we are waiting for: the VAT on electricity to go up to 19%, co2 taxes (aka the budget
by rad_gruchalski 3y ago
I just wish this was the price on my bill. But it’s not. It’s 13x more and we are waiting for: the VAT on electricity to go up to 19%, co2 taxes (aka the budget filler money) to go up, and the removal of the price cap for end consumers. 2024 will be wild in Germany. But energy companies will make a killing.
- patall 3y agoI live in Sweden and my electricity bill would be cheaper in Germany. Why? Because in Germany, base fees are so low. 5ct per kWh doesn't help you when you pay 24€ per month to be connected to the grid.
- rad_gruchalski 3y agoHence I always simply chuckle when people say „the electricity is so cheap as never, 0.03€/kWh”. Yeah, to manufacture. No end customer ever sees that price.
- Gibbon1 3y agoSame thing with water. For residential. Most of the cost is the capital costs of the distribution network. You'll always pay way more than the water district pays. Example. A friend lives in a tiny water district. Used to not be metered. Then they installed meters and usage went down. They had to increase the rates to make up the difference and people were really mad. And usage went down even more. It was kinda brain dead because their water comes from a huge spring so it's free as in beer.
- Gibbon1 3y agoI'm a bit suspicious in the US that rates are higher where per capital consumption is lower. And probably also depends on max vs average usage. In practice capital costs of both generation facilities and distribution are being rolled into the rate part of peoples bills. Consider California is using probably 25GW today. But has 50GW of capacity which has to be paid for whether it's operating or not. Also uses half as much per capita as other states. Stands to reason capital costs will be a higher proportion of the bill. A bet I'd make is as people switch to heat pumps and electric cars consumption will go up and maybe rates will drop.
- manmal 3y agoI‘m on a spot market based plan and am billed €0.02/kWh in the hour I‘m writing this. Powered by mostly wind and water at the moment.
- rad_gruchalski 3y agoGreat for you. People in Texas a couple of years ago were also on the spot market. Thought exercise: what happens to the price on the spot market when the major chunk of the population switches to the spot market?
- manmal 3y agoI just have shorter price intervals - hourly instead of quarterly. What do you think should come of that?
- rad_gruchalski 3y agoDepends how long the price is out of wack. How many alternatives do you have to switch to?
- manmal 3y agoThe contract has a two weeks notice period. So I could easily switch to a different provider, but I doubt that would change things long term - most providers also buy from the spot market. BTW this spot market plan would have been cheaper than my previous, regular plan when the energy price hikes hit last year.
- tcfhgj 3y agoif you pay 13x more, which is 0,42 Euro, you are just too lazy to switch to a new contract, which usually is about 0,27 Euro/kwh. You can even get significantly below that using dynamic contracts where the current price is based on spot market prices.
- rad_gruchalski 3y agoWow, 9x vs 13x. What a difference. You didn’t get my point but you’re fast to tell me I’m lazy.