Re:Day ahead electricity prices for EU
by Ekaros on Saturday August 27, 2022 @10:45AM
(#32619571)
The true market failure is on demand side. Demand is what drives the price not the supply. With low enough demand the price just doesn't go very high.
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Re:Day ahead electricity prices for EU
by vorpalhex on Saturday August 27, 2022 @11:35AM
(#32620132)
Sure, you are free to be the first one to freeze to death this winter or melt during the summer.
I don't think anyone is meaningfully wasting electricity in Europe currently. Demand can't go to zero. Supply dropped significantly.
Re:Day ahead electricity prices for EU
by ZeroGravitas on Saturday August 27, 2022 @02:58PM
(#32621969)
Ekaros is correct. Lots of people pay a fixed cost for their electricity whether it is generated at peak time with lots of gas or in the middle of the night with wind and nuclear.
We don't currently do a good job of responding to price signals. We have some plans to expand this, which are being rushed into service after being neglected for a long time.
https://www.bbc.co.uk/news/business-61949246
And even that has to lie about "it not being about rationing" because price signals are so foreign to the consumer energy market.