Blistering high prices flow through the interconnectors too.

The energy price cap in the UK is now predicted to reach the £6,552 in April. Pretty soon only the Royal family will be able to afford electricity. If this continues, inflation in the UK may hit 18% by January.

As Javier Blas says: Day-ahead electricity prices in Europe are eye-watering, with lots of countries setting record highs for today. Notable to see the Nordics close to €400 per MWh, and Germany at €600. Before 2020, anything above €75-100 was considered expensive

It doesn’t matter who has the wind turbines, and who has the coal or nuclear power, everyone connected to junk generators gets expensive electricity. Denmark has more “free” wind power than nearly anywhere in the world but they are still paying €600+.

@JavierBlas

 

Meanwhile the German Energy Minister has decided he really should close the last three nuclear plants. Apparently it would only save 4% of their total gas bills, he says, not the 15% they need — like turning down a jerry can of fuel because it won’t fill the whole tank. I guess he’s not the one having cold showers.

Imagine how different […]