This website doesn't provide much context if you're not familiar with the situation.
I found this article helpful: https://www.the-independent.com/climate-change/octopus-energ...
I found this article helpful: https://www.the-independent.com/climate-change/octopus-energ...
The OP linked site lists one of the solutions as "Make energy cheaper where supply is strong." This sounds obvious, but UK (and German) politicians don't want to do it, so we continue to get this dysfunctional system.
If the transmission capacity is limited you need to expose that signal to the market, not attempt to hide it.
It would be interesting to see how this looks on a map.
Electricity exports (/prices) is a MASSIVE controversy in Norwegian politics, so it would be pretty funny if Norwegian power is replacing the curtailed wind power.
Correct?
See Fig 2 here[1] for just how spiky the market became after the price hike.
Also bear in mind that Norway does most of its residential heating with resitive heating, precisely because electricity has historically been so cheap. Heat pumps are getting more popular, and burning firewood got very popular during the price hike, but basically no-one heats with gas, as there's no infrastructure to support it.
[1] https://www.sciencedirect.com/science/article/pii/S266695522...
The anger is completely out of proportion, IMO, as the net effect is probably very positive. 1. Hydro is typically state owned and taxed at a very high rate 2. 50% of the price difference between markets is pocketed by the public grid operator (reducing grid fees) 3. We also import power when needed and typically at a net profit.