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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 Russia
by gessha 1y 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 1y agoIn 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 1y agoRegarding [1], do these numbers include other charges that appear on the electric bill (e.g. distribution, fixed fees) and all local taxes?
- gessha 1y agoYep, if you Ctrl+F for taxes you get > All fuel prices include applicable Federal, State, and local taxes