| >I've read somewhere that Czechs (day ahead price of 463EUR/MWh) produce electricity at 0.1EUR/MWh No, that's entirely unrealistic. 0.1EUR per KWh is realistic, so my guess is that you misremembered the units. The price per MWh would then be 100 EUR. But not even that is realistic anymore for the Czech Republic, given they produce most energy from fossil fuels[1], and the prices recently have skyrocketed. Now you may ask why they'd be selling to an exchange and buying it back for more (if that actually happens to a degree that matters). One reason is of course profit. Although one must not confuse the production price with the final consumer price or even the exchange price. Production is one thing, getting the power to where it's needed is another thing, accounting, taxes and so on. Another reason for putting it into exchanges, is that they might at times produce more than needed, so selling off excess production seems somewhat reasonable as the kind of plants they are running cannot be started and stopped at will. At other times, they might not be producing enough, and then need to buy at exchanges. It's not as easy as assuming somebody is just grabbing a lot of money. Although some money grabbing is most likely part of the answer as well. Germany is selling energy as well, by the way. Germany has thus far net exported around 20 TWh this year[2]. The entire energy need of Germany is around 540 TWh per annum. That would suggest Germany (thus far) has exported a little over 5% of it's energy production to other European nations in this crisis year. It may have something to do with France currently having temporarily shut down 32 of its 56 nuclear reactors[3], with a net 10 TWh being exported from Germany in the direction of France. And it probably has something to do with Germany producing a lot more energy than it needs when the sun is shining and the wind is blowing nicely. The Czech Republic on the other hand exported 6 TWh net to Slovakia and another 4 TWh to Austria. But in turn Slovakia exported almost 9 TWh to Hungary[4]. That is to say... it's complicated. [1] https://www.iea.org/countries/czech-republic [2] https://www.energy-charts.info/charts/energy/chart.htm?l=en&... [3] https://www.france24.com/en/france/20220825-france-prolongs-... [4] https://www.energy-charts.info/charts/import_export/chart.ht... (might be lagging behind a little) |