I think these are wholesale prices, not residential.
Large consumers, like steel mills and refineries can adjust their consumption to smooth out fluctuations in base load power production.
For producers, it’s often cheaper to give power away for free or pay consumers to take it rather than spin down a whole gas turbine/reactor/coal furnace. It wastes a shitload of energy to cold start one of those again and synch it with the grid.
Ah that makes sense. Our electricity is mainly hydro electric as well so our system is a fair bit different, and also depends on the time of year for heavy commercial use due to us being buried in snow for half the year lol
Here in Canada I pay a flat rate of 9.97 cents per kWh, not sure how that compares to your currency…
Edit: 1 CAD is 0.62EUR
Where I live in SoCal it’s around 70 cents canadian per kWh.
Welp, I won’t be complaining about my electric bill during the winter anymore.
I think these are wholesale prices, not residential.
Large consumers, like steel mills and refineries can adjust their consumption to smooth out fluctuations in base load power production.
For producers, it’s often cheaper to give power away for free or pay consumers to take it rather than spin down a whole gas turbine/reactor/coal furnace. It wastes a shitload of energy to cold start one of those again and synch it with the grid.
Ah that makes sense. Our electricity is mainly hydro electric as well so our system is a fair bit different, and also depends on the time of year for heavy commercial use due to us being buried in snow for half the year lol
Lol DEM hasn’t been used in almost 25 years. 1CAD = 0.62EUR
Ah I kinda thought so but that’s what the currency converter gave me.
Electricity is quite expensive in Germany. It’s around 30 ct/kWh but 20 ct are taxes and stuff.