Posts Tagged ‘electricity price’

A real correlation from a real causal relationship

August 31, 2015

A green fantasy rather than just a mirage. And I am afraid that the fantasy is intentionally malicious and not just the delusions of sanctimonious do-gooders. Just following the money reveals those who have gained the greatest benefit.

No doubt the Danes and the Germans have ensured a mild and benevolent climate for themselves?

Note that this is just the direct price paid by the consumer and does not include the cost of subsidies which are sourced from general taxation.

Chart by Euan Mearns.

The Y-axis shows residential electricity prices for the second half of 2014 from Eurostat. The X-axis is the installed wind + solar capacity for 2014 as reported in the 2015 BP statistical review normalised to W per capita using population data for 2014 as reported by the UN.

Renewable energy does have a niche where it makes very good sense – but it is not common sense which rules in Europe today.

 Eurostat

2015 BP statistical review 

UN population data.

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Greens fail in Berlin referendum

November 4, 2013

In Germany the greens believe that it is worthwhile to pay exorbitant prices for electricity if it is from renewable sources. That “feel-good” view does not quite pass muster in not so good times. It is beginning to sink in through the German electorate that the shift away from nuclear and coal is not only very expensive, it also achieves nothing.  A referendum called in Berlin to satisfy the Greens’ needs to reduce coal utilisation has failed to garner enough votes to go forward.

BBCA bid to renationalise the electricity grid in the German capital Berlin has narrowly failed in a referendum. 

The measure was backed by 24% of those eligible to vote, but a quorum of 25% was needed for it to pass. It had been supported by green groups, who believe the current provider relies too much on coal. Opponents said it would burden Berlin with debt.

The wording had called for Berlin to set up a public enterprise to trade in electricity from green sources and sell it to residents. Voters were also asked to decide whether the city government should open the way for the grid to be taken back into public ownership.

There has been disappointment in Germany that privatisation of the energy grid has not always led to the hoped-for falls in prices and improvements in quality. The switch from nuclear to solar and wind power has also led to a steep rise in electricity costs.

But the authorities in Berlin – which is already 60bn euros (£50bn; $80bn) in debt – said the city could not afford to renationalise the grid.

Berlin has the dubious pleasure of paying the highest electricity prices in Europe (which may ensure a place for some residents in their imagined green heaven but may lead them to bankruptcy in this life). Berlin residents pay more than twice the price that Helsinki residents pay.

Forbes: 

Residential-Energy-Prices-by-City-EU-2013

The good people of Berlin pay more for electricity than residents of any other major city in the European Union, according to the Household Energy Price Index for Europe.

VaasaETT, an energy think tank based in Helsinki, Finland, tracks monthly prices of electricity and natural gas for utility customers in the capital cities of 23 European countries.

The price customers pay per kilowatt-hour (kWh) of electricity varies by as much as 127% across these 23 countries.

After adjusting for purchasing power, Berlin becomes the place with the most expensive electricity in Europe followed by Prague and Lisbon.

Meanwhile, Helsinki has the cheapest electricity followed by Stockholm. …

 

The profligacy of “green” power is not sustainable

July 16, 2013

Chasing “green” fantasies about renewable energy are proving to be among the most profligate of all the misguided policies which build on alarmist scenarios. Renewable energy has its place but it is the “green” belief that it could replace fossil fuels which has proven to be nonsense. And what is worse is that the pursuit of “low carbon” energy serves no purpose whatsoever. It is just waste which has cost Europe many millions of jobs and has unnecessarily prolonged the recession. Perhaps as many as 15 million jobs in Europe have been “lost” based on the growth that has been suppressed by high energy prices.

Financial Times: 
RWE npower became the first of the big six power suppliers publicly to warn that the government’s green policies will cost consumers more, saying energy bills would rise by more than 19 per cent by the end of the decade.

The Telegraph:

A household’s energy bill will rise from £1,247 today to £1,487 by 2020 in real terms – not taking into account inflationary increases – if usage remains static, npower warns in a report. Costs caused by government policies such as subsidies for new wind farms and energy efficiency schemes will be the main driver, adding £144, it claims.

…. The report finds that the costs of upgrading Britain’s ageing gas and electricity networks would be the next biggest driver of bills, adding £114, while the costs of the nationwide roll-out of “smart meters” that send automatic meter readings back to suppliers will add £24.

Profits will account for £71, or just under 5pc, of the bill by 2020, up £12 from today, but a significant jump from £18 in 2007.


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