That massive spike of 50c/kWh at the left looks tiny compared to today even though that’s already insanely expensive
RIP to those running a 4090 on their rig.
I get the joke, but in contrast to heating, you can easily just… not run demanding games while the electricity is insanely expensive for a day.
It would literally not matter since it all ends up as heat in the end which is what you’re looking for anyway
Minus 5 watts on the three fans or something
What do you mean? I can run my 4090 to heat the house instead of my furnace
I got an RX 6800 yesterday, can’t wait to test out its heating capabilities lol
50 Euros a day is insane. That’s a good portion of what I pay for a whole month.
Part of it was faulty pricing from a Norwegian electricity exporter. Also, they have almost finished the new infrastructure, so they do not have to import as much in crisis situations. I think a new nuclear power plant goes online and lots of renewable stuff. The problem OP is maybe talking about seems to be very well handled by the state and already solved. https://www.helsinkitimes.fi/finland/finland-news/domestic/24708-electricity-prices-in-finland-return-to-normal-levels-in-2023-down-64-from-previous-year.html
Lucky you. 175 square meters, 25cm styrofoam on walls and 30cm rock wool on ceiling and I pay 200€ per month in winter for gas heating in Poland. Solar panels are not economical in current regulations and billing rules have changed so those with heat pumps pay at least twice us much in coldest months.
We are fucked from every angle.
wow! i paid 220euros for gas heating and warm water in 78m2 flat in poland for all last year.
Yeah I lived in flats before, it’s a totally different story, unless your flat is on the last floor or on the corner there is not much heat loss assuming your neighbors also use the heating.
Invoice from yesterday for December 2023. I used 201 m3 of gas, calculated by provider as being equal to 2224kWh of power for which I paid 682.81 PLN (157 € to be exact) in total including taxes and surcharges. So 3.397 PLN or around 0.78 EUR per m3.
December was one of the coldest months this season. Last year I used maximum of 250 m3 per month which happened to be January/February. This then exceeded 200€
This includes both warm water and heating using low-temperature floor heating. Current thermostat settings give me 22C on the base floor and 20C on the first floor (where most heat escapes, obviously). I also have mechanical ventilation with recuperation.
Shit’s expensive.
With current prices of electricity, the same heating power with perfect constant COP of 3 (not possible with December temps for air heat pump) would cost me 666 PLN. (Nice). How can I offset the cost of installing it in the first place LOL.
Get a space heater.
Mine was $15 at Walmart, heats my room like it’s Spring, and only adds $5 per month to my electricity bill.
Come Summer, I’m going to get a dehumidifier and see if I can use it in place of my A/C.
Bruh, a space heater is the least efficient way to heat a space, unless electricity somehow costs less per MWh than gas (that is insanely cheap and only true in a few key places in the world).
Also dehumidifiers… don’t do what you think they do? They are basically an A/C unit, that dump the hot air in the room they sit in. Literally worse than nothing.
*Re-*humidifiers have marginal benefits in (very) dry weather as evaporation is endothermic. As soon as the air is even somewhat humid though, they’re literally worse than nothing again.
Tomorrow is back to normal. Even the 37c/kWh spike hardly registers on the graph compared to today even though that’s still pretty expensive.
Are you actually paying the daily spot price? Not a flat amount with the utility provider taking the hit? That’s how I know it from any other country, unless you have a specific contract where the user made an informed decision to opt for market rates.
Mainly the reason is that many countries do not have hourly capable meters, so calculating the price for each hour is not possible. Flat rate is needed when you just have the cumulative read once a month.
In Finland the meters communicate automatically once a day, and send the 24h values to grid company. The next generation meters which are now installed can communicate once a hour.
30% of Finns are on spot.
Oh interesting, never knew that’s a thing. Sounds mostly like a good development to make people more conscious about their consumption.
40c/kWh is a pretty normal price here in Germany…
Ironically, prices are high, because of too much extremely cheap renewables.
Do you really think, that’s what anyone pays? Because that’s not how consumer contracts work. You’re paying whatever you agreed upon when signing the contract.
Source: https://www.stromauskunft.de/strompreise/
This was literally 10s of google. Is that so hard?
Do most Finnish people pay spot prices for electricity?
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.
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
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)
It’s the first time I hear about final consumers paying spot prices. What’s the reason for it? Ecological activism?
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
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.
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.
Anti-ecological maybe.
Consumers have chosen the spot deals because of the lowest possible prices with disregard to the high points and consumption.
Is there a specific reason the price spiked that much? That’s a 950% price hike within four hours.
We’ve had negative 20 temperatures for over a week which happens about once every 10 years so the demand is extremely high and on top of that few of our powerplants are out of service for maintenance so that electricity has to be bought from abroad too.
Few cold days in a row is not an issue as buildings still have heat stored up in the structures but when it lasts for a long time the demand for more heating goes up drastically.
Scheduling power plant maintenance during winter in a country where it gets that cold seems a tad, uhm, insane?
That happened because winterproofing windmills and power plants is expensive and no one was forcing the companies running them to do it.
I’m don’t know how energy contracts work in Finland, but in Germany you usually have a fixed price per kw/h. That price may change frequently, but it has to be announced and you have the right to cancel the contract each time.
The graph OP showed looks like the price development on the spot market, that’s where energy providers buy energy short-term, apart from their long-term contracts. Spot-market-energy is naturally more expensive than the long-term one. That price may also be very unstable, as for example an unexpectedly cood winter week among several regions/contries can let it hike up pretty drastically.
AFAIK, this short-term price is an option for the private consumer as well. It has the advantage of being much cheaper most of the time when demand is low/normal but the disavantage OP shows here.
