Re:Day ahead electricity prices for EU
by redleader55 on Saturday August 27, 2022 @09:53AM
(#32619031)
There are several energy markets, not just one. The most energy is bought and sold on private contracts on very long term. Then there is the "next-day" market, which is what this app shows. Then there is an hourly market to match instant demand and supply variations.
It is possible Czech producers sold energy to Germany for a very low price a few years ago on a let's say 5 year contract which is still valid. Now Czech Republic needs to buy at a high price the energy from Germany because it cannot meet its own demand. Again, this is speculation on how that could work.
It is possible Czech producers sold energy to Germany for a very low price a few years ago on a let's say 5 year contract which is still valid. Now Czech Republic needs to buy at a high price the energy from Germany because it cannot meet its own demand. Again, this is speculation on how that could work.