I did not read the article but knowing how energy markets work in Europe I understand that what is happening is that many days gas is not used at all, and as the energy price is set by the most expensive source, it is now probably wind which is much cheaper than gas.
Vevangui on
I love our unexpected wins ☺️🇪🇸
_teslaTrooper on
Good stuff, hopefully we can do the same, it just takes some extra solar panels.
LatelyPode on
Hoping the UK can do this soon, or just switch to a zonal pricing system. If they do, Scotland will probably see some of the cheapest energy prices in the world, and north England will see a huge decrease in bills. Even most southern cities will see a decrease
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Soucre: Decoupled: how Spain cut the link between gas and power prices using renewables
Spain has some of the lowest wholesale electricity prices in Europe, largely owing to the country’s strong solar and wind growth which reduced the influence of expensive coal and gas power on the electricity market. [https://ember-energy.org/latest-insights/decoupled-how-spain-cut-the-link-between-gas-and-power-prices-using-renewables/](https://ember-energy.org/latest-insights/decoupled-how-spain-cut-the-link-between-gas-and-power-prices-using-renewables/)
And [https://x.com/nicolasfulghum/status/1973681424785191404/](https://x.com/nicolasfulghum/status/1973681424785191404/)
I did not read the article but knowing how energy markets work in Europe I understand that what is happening is that many days gas is not used at all, and as the energy price is set by the most expensive source, it is now probably wind which is much cheaper than gas.
I love our unexpected wins ☺️🇪🇸
Good stuff, hopefully we can do the same, it just takes some extra solar panels.
Hoping the UK can do this soon, or just switch to a zonal pricing system. If they do, Scotland will probably see some of the cheapest energy prices in the world, and north England will see a huge decrease in bills. Even most southern cities will see a decrease