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by ninja3925 71 days ago
These are extremely high prices. In Texas, we pay 12-15c.
1 comments

Yes, and they are higher due to 2 reasons. And both seem to work.

Number 1 reason is that power was quite highly taxed, since it is directly linked with pollution and CO2. All powers, but that also means electrical power. The effect is, that european cars are smaller and use less. And also european houses are better insulated. You can measure this, the typical german 4 person household uses less than 50% of the electric power of a 4 person US household. Before COVID I even saw a statistics that this less usage compansated the higher electricity prices, so both norm-households payed the same for electricity. Unsure if that is still true post-COVID.

The other reason is that also a good amount of money is directly invested into the grid, to make it more resilient. And you can also measure that. If you lookup the SAIDI (system average interuption duraction index) of e.g. USA and compare it to Germany, you immediately see why over there uninteruptible power supplies are hardly used except in data centers. SAIDI Germany 12.2 minutes per customer per year, USA 125.7 minutes per customer per year. That's a whopping 10x worse. Not just as number, but also for the industry.

And I heard that the SAIDI in Texas is even worse than the US average.