this post was submitted on 23 Oct 2024
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Mildly Interesting

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For reference, the price for fixed-cost plans is around 10c/kWh.

As someone who’s been constantly running an electric heater in the garage while painting my car, I was quite lucky with the timing.

It’s not literally free, though. Transfer prices are fixed, and there are taxes and some other minor costs associated with it, so where I live, it still adds up to around 6c/kWh even when the price drops to zero. The cheap prices are due to an excess of wind power, but once the wind dies down, prices usually spike hard.

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[–] [email protected] 14 points 1 week ago (2 children)

December-January we'll probably see prices 1000-3000% higher than that again. Wish we had more nuclear reactors.

[–] marcos 2 points 6 days ago (1 children)

So you have prices 5000% larger all year around?

[–] IchNichtenLichten 3 points 6 days ago (1 children)

Posting this again because some people don't realize just how expensive nuclear really is.

https://en.wikipedia.org/wiki/Levelized_cost_of_electricity

[–] [email protected] 1 points 6 days ago (2 children)

As fossil burning has been left behind and there isn't enough storage for renewable energy, nuclear is our best option currently.

[–] IchNichtenLichten 3 points 6 days ago

It's way cheaper to build storage than new nuclear.

[–] [email protected] 2 points 6 days ago

You seem to think nuclear power is cheap. It is not. Renewable energy with storage is much cheaper.

[–] [email protected] 5 points 1 week ago

Agreed. We should build much more of it to the point where we'd basically be powering our southern and western neighbours too.