4 ms·
Power generation is 25% higher with 6 than with 12 reactors. Plenty of scaremongering around volatility, though. Consumers don't realize that one-hour price spi
by bjourne 22d ago
Power generation is 25% higher with 6 than with 12 reactors. Plenty of scaremongering around volatility, though. Consumers don't realize that one-hour price spikes are completely irrelevant since they pay monthly (or even quarterly) AVERAGE prices. Max, min, mean, and standard deviation. People don't know statistics and are so easy to fool by demagogues.
- leonidasrup 22d agoLarge customers buy directly on electricity markets at hourly market price, or have direct power purchase agreements with power suppliers. Most small customers are paying using average prices, but these average prices are calculated from the costs of power suppliers and these are affected by hourly market prices. So when many small customers consume use lot of electricity during hours with high hourly market price, the average price for small customers goes up. Best solution is instalation of smart meters so that small customers pay according to hourly market price.