3 ms·

I just checked the el. prices for Germany on [1] and [2] and I see something like 9-12 euro ct/kWh which is $0.10/kWh. In NY state [3], where I live, the prices

by gessha 2y ago

I just checked the el. prices for Germany on [1] and [2] and I see something like 9-12 euro ct/kWh which is $0.10/kWh. In NY state [3], where I live, the prices right now are $0.25/kWh so 250% more. Average salaries for Germany are $57,198 [4] and $61,984 [5] for US. Maybe I'm missing some details about it but I don't it's about affordability and energy cost. My take is it's a lot more about top-down politics. [1] https://www.energyprices.eu/electricity/germany https://www.energyprices.eu/electricity/germany [2] https://spotprices.eu/de/spotprice/de1 https://spotprices.eu/de/spotprice/de1 [3] https://www.nyserda.ny.gov/Energy-Prices/Electricity/Monthly-Avg-Electricity-Residential https://www.nyserda.ny.gov/Energy-Prices/Electricity/Monthly... [4] https://www.learngermanonline.org/salaries-and-living-costs-in-germany/ https://www.learngermanonline.org/salaries-and-living-costs-... [5] https://www.demandsage.com/average-us-income/ https://www.demandsage.com/average-us-income/

FirmwareBurner 2y ago
You only looked at spot prices which is not what a lot for consumers pay in their contracts.
- gessha 2y ago
  That's a good point. The numbers go the opposite way if you check household prices. Are prices in Germany anomalous due to them putting their eggs in the Russian gas basket? Countries with nuclear power plants seem to have lower electricity prices (who would've known). US $0.18/kWh [1] DE $0.44/kWh [2] EU $0.32/kWh [2] [1] https://fred.stlouisfed.org/series/APU000072610 https://fred.stlouisfed.org/series/APU000072610 [2] https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Electricity_price_statistics#Electricity_prices_for_household_consumers https://ec.europa.eu/eurostat/statistics-explained/index.php...
  - myrmidon 2y ago
    In Germany, I think a big cost driver is infrastructure buildout, from switching coal plants to renewables as well as building new gas turbines, more so than gas price itself (which is <20% of electricity). But the country is already >60% renewables for electricity, so there is at least something to show for it. France basically invested 40 years ago and are still reaping the spoils; I'd expect prices there to rise significantly once a majority of nuclear reactors reaches end-of-life. From a household perspective the cost of electricity feels pretty marginal to me, anyway.
  - dns_snek 2y ago
    Regarding [1], do these numbers include other charges that appear on the electric bill (e.g. distribution, fixed fees) and all local taxes?
    - gessha 2y ago
      Yep, if you Ctrl+F for taxes you get > All fuel prices include applicable Federal, State, and local taxes

by gessha 2y ago

FirmwareBurner 2y ago

You only looked at spot prices which is not what a lot for consumers pay in their contracts.

gessha 2y ago
That's a good point. The numbers go the opposite way if you check household prices. Are prices in Germany anomalous due to them putting their eggs in the Russian gas basket? Countries with nuclear power plants seem to have lower electricity prices (who would've known). US $0.18/kWh [1] DE $0.44/kWh [2] EU $0.32/kWh [2] [1] https://fred.stlouisfed.org/series/APU000072610 https://fred.stlouisfed.org/series/APU000072610 [2] https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Electricity_price_statistics#Electricity_prices_for_household_consumers https://ec.europa.eu/eurostat/statistics-explained/index.php...
- myrmidon 2y ago
  In Germany, I think a big cost driver is infrastructure buildout, from switching coal plants to renewables as well as building new gas turbines, more so than gas price itself (which is <20% of electricity). But the country is already >60% renewables for electricity, so there is at least something to show for it. France basically invested 40 years ago and are still reaping the spoils; I'd expect prices there to rise significantly once a majority of nuclear reactors reaches end-of-life. From a household perspective the cost of electricity feels pretty marginal to me, anyway.
- dns_snek 2y ago
  Regarding [1], do these numbers include other charges that appear on the electric bill (e.g. distribution, fixed fees) and all local taxes?
  - gessha 2y ago
    Yep, if you Ctrl+F for taxes you get > All fuel prices include applicable Federal, State, and local taxes