That massive spike of 50c/kWh at the left looks tiny compared to today even though that’s already insanely expensive

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57 points

Do most Finnish people pay spot prices for electricity?

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41 points

About 30% do

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12 points
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Interesting.

At these temperatures, I can’t imagine air source heat pumps being very efficient.

I would probably have a spare gas, oil or wood based heater and use that for days like this, or for if the power goes off on days like this.

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10 points

Older houses definitely have them… but there was this trend at some point to renavate older houses and remove the oil heaters and fireplaces and wood heated saunas, and replace everything with electric ones. Why? No idea, trends are weird.

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3 points
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What about a solar + electric heating?

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3 points

Newer models are actually.
We had negative 30 C the last two days and our air-to-air kept the whole upper floor comfortable. 90 m².

Granted it’s a brand new and very well insulated house, but -30 bites well on those too!

Most houses up here have other electric alternatives or a fireplace.
Gas and oil are beyond abnormal to have and I think oil is even illegal in Norway now…
Don’t quote me on that though

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1 point

Heat pumps only work to about -4c.

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2 points

It’s the first time I hear about final consumers paying spot prices. What’s the reason for it? Ecological activism?

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9 points

Because at its cheapest it can be even free. For a long time last summer it was only like cents, sometimes even cheaper and at best negative. And the fixed contracts have been expensive for a while now in finland. I’m paying 8cents/kwh with the conract I got last fall. I got it because I was skeptical about prices at winter and I’m so glad I took that contract

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6 points
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Plans like that started gaining popularity in the recent years as in general they were cheaper than ones with fixed prices. Then because of the Russian invasion the prices skyrocketed with daily averages of even 30 and 40 cents and people were in deep trouble with their electric bills and many of them scrambled to get 20 - 30c/kWh, 1 to 2 year long plans to save their asses. However the spot prices then dropped back to 3 to 4 cents for the spring and summer and now those people were stuck with their fixed price plans and are paying 10x the spot prices. Personally I just decided to gamble with the spot priced plan as my 6c/kWh plan had just ended and the 8 to 12 cent plans are all 1 to 2 years long. Despite freak days like this, on average, I’m still probably paying less than I would have with a fixed price plan.

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6 points

Fixed rates on renewal went crazy after the war started. Now it’s possible to choose low-load times for running dishwasher etc. On average the spot price is lower than available fixed rates, although some lucky people locked in long cheap contracts before February 2022. Most of those will expire this or next month at latest. It’s certainly easier to have a fixed price contract.

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2 points

Anti-ecological maybe.

Consumers have chosen the spot deals because of the lowest possible prices with disregard to the high points and consumption.

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2 points

I’m surprised that those 30% don’t have batteries to shift load times

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5 points

Those batteries would never pay themselves back.

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5 points
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Is that actually a widespread practice anywhere? I’m in Switzerland and I don’t think I’ve seen that anywhere (other than in one farm near me which is entirely covered in solar panels)

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1 point

Time to install a wood stove.

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