[bungle]

This picture shows you this crazyness: https://lampopumput.info/foorumi/attachments/1660195161813-p...

In north Norway the electricity costs: 0.75 c/kWh In south Norway the electricity costs: 307.00 c/kWh In Latvia it costs: 1,240.00 c/kWh

It is like that every day everywhere in Europe. In Finland the transfer line to Estonia means a lot to our local prices. If we cannot get that line fully utilised (in normal non-windy day, and I bet producers want it to stay around 99%), it means that prices are fixed to Estonia (which you can see in that picture). If we get the line fully loaded, Finland divides to its own market and prices drop considerably.

In Norway and Sweden you can see multiple prices inside a country. It is because their internal lines are not sturdy enough to transfer enough electricity to south (in nordics it is common that electricity is made at north (e.g. a lot of rivers), but needed at south). The random energy (wind) has made this quite crazy. On windy days, the electricity price can even be negative. But wind energy is not reliable at all. But nobody builds or wants to run anything else as wind is easily the cheapest on windy days, and it is not that easy to always start and stop other facilities, which operate with losses on windy days. In general Germany jumped to a dwell, and everyone followed, and now we are where we are.

[NorwegianDude]

It's not that the energy is made in in the northern parts of Norway. Most energy is from the south west of Norway, but the southern parts of Norway has connections to other parts of Europe and is affected by the energy crisis in Europe.

But the part about capacity internally is true, so the average price in northern Norway today is 0.00061 EUR/kWh(yes, you read that correctly) while it's 0.35 EUR/kWh in the south. That's 574 times as expensive!

Norway is making a ton of money on energy export now.

[jve]

> In Latvia it costs: 1,240.00 c/kWh

Note that this is particular price point today (11.08.2022) at 12 - 13. Record was some other day for 2100 c/kWh.

However at particular moment, you can get 27 c/kWh fixed price contract. (last year it was 6 c/kWh)