If you ever doubt that the US has a simply fucking insane advantage in primary resource extraction and consumption, consider your comment. You think $40 per MWh is expensive.
Wholesale rates in Europe hit SIX HUNDRED AND SEVENTY FIVE EUROS PER MWh last year because of gas supply issues and unfavorable weather. Spot prices have gone higher still, over one order of magnitude higher actually, those were futures contracts for a useful period of time. Because THAT'S WHAT PEOPLE WILL PAY WHEN THERE IS NO ALTERNATIVE.
Consumer rates of 30 cents per kWh are perfectly normal. 100 not unheard of.
Oh, fun fact; the largest producer of nuclear power in Europe is suing its government because it was forbidden from selling at that market rate. It had to sell at 40 cents per kWh. Not to consumers of course, to the fucking glorious private sector, aka resellers, who did sell it to consumers at market rate. The ones who hadn't gone bankrupt and fucked off earlier when market conditions were against them, that is. Although they did spend a lot arguing, successfully, they didn't need to pay producers then, either. Because the glorious efficient private sector can't have competition.
Yes, I'm bitter. Going to an industry conference and seeing no one able to run plants properly because of unreliable power, whilst neighouring Germany sets a new coal-burning record, in unnatural heat, does that.
Texas spot prices recently peaked at 9,000$/MWh briefly that’s in no way what I am talking about.
4c/KWh is the minimum additional cost across 50 years ignoring interest not the total cost of this power. In other words if inflation adjusted electricity would have been X$/kWh in 2070 it’s now at least X + 4c / kWh whatever the baseline would have been. Europes average electricity prices for the year aren’t that far above average, across 50 years it’s a tiny blip by comparison.
Germany's coal use is at an all time low. If you're really going to conferences, you need to be better informed. I've posted the data many times here, but if you can post so many words without bothering to do a brief check for easy to find data, then I'll spare myself the time.
> Oh, fun fact; the largest producer of nuclear power in Europe is suing its government because it was forbidden from selling at that market rate. It had to sell at 40 cents per kWh. Not to consumers of course, to the fucking glorious private sector, aka resellers, who did sell it to consumers at market rate.
don't you all love the European Union's Single Electricity Market?
Wholesale rates in Europe hit SIX HUNDRED AND SEVENTY FIVE EUROS PER MWh last year because of gas supply issues and unfavorable weather. Spot prices have gone higher still, over one order of magnitude higher actually, those were futures contracts for a useful period of time. Because THAT'S WHAT PEOPLE WILL PAY WHEN THERE IS NO ALTERNATIVE.
Consumer rates of 30 cents per kWh are perfectly normal. 100 not unheard of.
Oh, fun fact; the largest producer of nuclear power in Europe is suing its government because it was forbidden from selling at that market rate. It had to sell at 40 cents per kWh. Not to consumers of course, to the fucking glorious private sector, aka resellers, who did sell it to consumers at market rate. The ones who hadn't gone bankrupt and fucked off earlier when market conditions were against them, that is. Although they did spend a lot arguing, successfully, they didn't need to pay producers then, either. Because the glorious efficient private sector can't have competition.
Yes, I'm bitter. Going to an industry conference and seeing no one able to run plants properly because of unreliable power, whilst neighouring Germany sets a new coal-burning record, in unnatural heat, does that.