Spain’s Renewable-Energy Boom Loosens Gas’s Grip on Power Prices

Comments

• claimsou@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  They write it’s the only eu nation to reach this but I don’t understand how Portugal is not the same or even better.

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  • Tobberone@slrpnk.net ⁨2⁩ ⁨weeks⁩ ago

    It probably is the same, as they share energy market. In both cases it is also because of lackluster transmission capacity to the rest of the continent, that shields Spain and Portugal from the German market. Sweden has plenty of transmission capacity, so we pay German prices in the south of Sweden.

    As for “not using fossil fuel for electricity”, in 2022 the Swedish oil fired power reserve was used for 72 to stabilize the polish market, due to all nuclear reactors shutting down simultaneously. Yet Swedish electricity price is still tied to the cost of oil. That transmission capacity has its drawbacks…

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    • claimsou@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

      What nuclear reactor do you mean? Poland has none.

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  • bufalo1973@piefed.social ⁨3⁩ ⁨weeks⁩ ago

    Maybe the PSD has been ruling too many years, who know?

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