Re:What's that touchscreen in my room?
by kristjansson on Saturday January 20, 2024 @04:06PM
(#39072321)
Is there a cap? AIUI this is how those Texas power bills got to $xx,000 last year.
Yes, 4€/kWh, which is dynamically adjusted (if that spot price is reached).
There are similar retailers in Australia. They even had a insurance against these super spikes such that the customers did have some fall back security. Details I'm not sure about but check https://www.amber.com.au/how-it-works
In Finland you can get an electricity contract that follows the hourly spot prices. Usually the hourly prices varies in the range from 5c to 20c/kWh, but sometimes it jumps up to 40c, even 80c/kWh. The record was 2€/kWh for a couple hours in one day.
Current hourly prices for today and tomorrow:
https://oomi.fi/en/electricity/electricity-contracts/active/...
People who have chosen this kind of contract, usually reduce their consumption during the ridiculously expensive hours, which usually occur when there happens both low wind energy production, and simultaneously some power plant being offline for maintenance.
You can also get a contract with a fixed price, if you want.