Here in Finland the transmission costs before this current price hike were usually 50%+ (for me with my current fixed price contract they are around 60%) of the total electricity bill. We got a really good network but it does come with a cost.
Here in Finland the transmission costs before this current price hike were usually 50%+ (for me with my current fixed price contract they are around 60%) of the total electricity bill. We got a really good network but it does come with a cost.
Obviously with the current market prices the cost of the transmission capabilities is a rounding error but if we get back to the electricity prices of a year or two ago the costs of transmission could start to dominate the price again so you have to be careful about investments like this (just like you have to be with nuclear plants for the case that the price on the markets is goes permanently under your production costs)
And transmission capability upgrades are really long term investments. Sweden started lately to try and fix this issue. If that project finishes on time it will take 14 years to finish. These are the kind of timescales where building a new nuclear power plant can be a faster fix.