Australia, Denmark, Germany vie to win Highest Global Electricity Cost! (It’s the Nobel Price Prize?)

It’s not even close: If South Australia seceded it would have the highest electricity price of any nation on Earth.

 Australian Households pay highest power prices in the World, AFR.

South Australian households are paying the highest prices in the world at 47.13¢ per kilowatt hour, more than Germany, Denmark and Italy which heavily tax energy, after the huge increases on July 1, Carbon + Energy Markets’ MarkIntell data service says.

When the eastern states’ National Electricity Market was formed in the late 1990s, Australia had the lowest retail prices in the world along with the United States and Canada, CME director Bruce Mountain said.

 The Markintell report graph:

Note the odd coincidence of Price with Wind Energy Penetration:

Wind energy is “free” but countries with the most wind power are also the most likely to get to the top of the Prize Pool for exorbitant electricity. Wind energy penetration is highest in  Denmark (1st), Portugul (8th), Ireland (6th), Spain (11th), Germany (3rd). Conversely, renewable energy penetration is low in places at the tail end of the price curve like Luxemburg 6%, Estonia 15%, Hungary 7%, Lithuania 15.5%. In the low mid price range […]

Rating: 0.0/10 (0 votes cast)

via JoNova

http://ift.tt/2w4nLyY

August 17, 2017 at 05:40AM

Leave a comment