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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.
In Malaysia it's rm0.218/kwh, around €0.05. I wonder if they will chop down the electric price further if they switch to these renewable so AC is much more accessible for low income family. Feels like sauna here whenever it's sunny day and would be worst in the future.
There are still costs attached to maintaining the network that provides electricity, so it can't really be free unless it's nationalised and paid for by taxes (which still isn't free).
Well, in Malaysia, our electricity is provided by TNB, which is state owned company, and power generation so far is mostly coal and natural gas. The pricing is controlled by government, but since the price is at a low side globally, it's heavily subsidised. Though the pricing is tiered, the more you use the more expensive it get per kwh.
I doubt they will be free, just lower the price a bit more for the first tier and everyone will be happy.
Thank you. I didn't know that.