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by sambucini 1637 days ago
yo, i work in the energy industry. it's not quite as terrifying as it looks. energy retailers typically sell electricity to end users at a fixed price. prudent retailers _hedge_ this exposure, i.e. they buy the electricity on wholesale markets that they promised to delivery to you at a fixed price, in order to reduce their risk to wholesale prices going up. wholesale price went up (A LOT) which drove many retailers across europe into bankruptcy, but well - they didnt hedge so well.. if you want a proxy for retail electricty prices is worth checking the wholesale markets, you can do that yourself on EEX's website: https://www.eex.com/en/market-data/power/futures

you'll see the following prices for trading day 2021-12-29: Year 2022 settled at 225EUR/MWh or 22.5c/Kwh -- which is admittedly crazy high. But year 2023 settled at 128 EUR and the following years below 100 EUR. This is plausible as we the high prices we have now provide a strong incentive to build new electricity generating facilities in the future. and wind and pv are already profitable at prices 50-80 EUR/MWh without extra subsidies. lastly: there are still enough retailers selling you power at prices below what your retailer wants to charge you, check https://verivox.de/ or the likes for alternatives