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Record Wind Power Levels Trigger Energy Price Fall Across Europe
New submitter Forty Two Tenfold writes "Electricity prices across Europe dropped last month as mild temperatures, strong winds and stormy weather produced wind power records in Germany, France and the UK, according to data released by Platts. The price decline was more marked in Germany, where the average day-ahead baseload price in December fell 10% month over month to €35.71/MWh. On a daily basis, December was a month of extremes for Germany, with day-ahead base prices closing on December 10 and 11 at less than €60/MWh – the highest over-the-counter levels seen all year – only to fall to its lowest level December 24 to €0.50/MWh."
Considering that money is not going to subsidize some Arab regime, does not add carbon to the atmosphere, and does not use up a non-renewable resource, I'd say it's a great deal. More, please.
€35.71/MWh from the generator is not exactly cheap by US experience.
The cheapest electricity in the USA today is in Kentucky (coal country) where it goes for about 6 cents/kWh. That is about $60/MWh, which is considerably more than 35 euros. I live in California, and I pay from 12 to 30 cents per kWh ($120 to $300 per MWh) depending on usage tier.
Not sure what you are thinking or if you're confused about units, etc. but ... /MWh which is close to the euro 35 ($47) price in TFA.
A quick search of US Wholesale prices shows a range of $31 to $71 for last year with highest prices in the Northeast. California was $42
So... price for this wind power is on par with US wholesale prices for all (coal, hydro, NG, etc.) averaged together... not really 3x.
I don't read your sig. Why are you reading mine?
Just to save time, let's all agree that wind power could never, ever, ever work in North America. Or solar. Obviously the blah blah blah mumble mumble obfuscate is so different here that it would be impossible.
Also, North American wind is like TOTALLY different from European wind.
Three Squirrels
I'm from Portugal, this type of "green-article" never tells the whole story .
,this is terribly expensive for us, because the more subsidized energy is produced , naturally we paid more and more. Portugal already has one of the most expensive energy prices in Europe, but as the price of energy sold to public is regulated, dont reflect the real and crazy cost, consumers have accumulated a huge tariff debt to the system . In Portugal this tariff debt already exceeds 4000 million € in Spain now exceeds € 25000 million €.
We have a serious problem with subsidized renewable energy , as has Spain , or Germany ( but these are rich and in Portugal we live in a severe crisis).
When there is too much wind and hydro generation, prices in the energy market fall, BUT producers of renewable energy ( exluindo large hydro ) receive the same guaranteed rate ( feed-in tariff). As these producers have priority in the system all energy produced by them have to be bought, even if there is much cheaper energy in the market (gas, nuclear, oil, etc), even if it's free as has happened several times in the past (in Germany last year energy price at one day was negative) we have to buy the subsidized energy !
So actually what happens when there is too much wind and rain
To get an idea of prices paid to subsidized energy, here I leave these two pictures:
Annual change in average cost per type of energy: http://i.imgur.com/MFaPFRZ.png
Annual changes in the average cost of energy subsidized vs. average market cost: http://i.imgur.com/OFn71pI.png