08:52
I realize that production should also be included, how do you get the total production for December 2022 and January 2023?
09:36
I have got the impression that before the shutdown of nuclear power you could max out transmission capacity and have surplus electricity – lower price.
Now that we have removed nuclear power we also have private actors who can do the trick (I was told) of saying they can sell less than they actually sell to raise the price.
District heating is often run with low return requirements since they are municipally owned with local roots and at least with the one we want to become customers of it looks like it should.
That household electricity has been made into some kind of free market at the same time as it is an oligopoly and the world’s worst pricing is really quite indefensible.
09:42
MRF, aren’t there three factors involved here?
Closed nuclear power, the pricing model on Nord Pool where the hour with the highest price became the day price and finally an endless demand from the continent up to a maximum ceiling which is what our transmission cables can handle.
Has quite a lot to do with Portugal and there the Portuguese can’t afford to buy houses because cash-rich Europeans, Americans and Chinese buy up all the houses.
Don’t we have a bit the same thing when Europeans down on the continent who consume 15-20% of what we do are willing to pay quite a lot for that electricity and then we have to pay just as much but consume 5 times more.
Now the market is supposed to always solve things like this but when a small country like Portugal gets all the world’s house buyers on it, it probably doesn’t. They can stop their Golden Visa but in the EU there is free movement.
The losers are any Portuguese who can’t afford to live, good or bad there are surely opinions about that. I myself of course like having been able to buy accommodation down there.
08:51
Question about the electricity price,
In December 2022 the average price in SE3 was 269 öre.
In January 2023 it was 92.6 öre.
Was the demand 3 times higher in December than in January?
That’s how the spot price is set according to everyone when you ask, in my opinion, supply and demand.
We had 3300 kWh in December and 2900 kWh in January, marginal difference in demand for us.
The gas reserves were already filled down on the continent.
I really don’t know this but to me it looks like you can speculate the price up on worry and then it becomes the monthly average price we have to relate to. I have been explained how today’s spot prices are set which are then summed up into a monthly average price but when you look at December and January it feels like too big a price difference to have been affected only by demand.