Russian methane is scarce and rising in Europe, markets are in trouble and less wind blows on the North Sea: so in England on Thursday 9 September 2021 between 19 and 20, when the sun stops powering the photovoltaic panels and in the houses there is they turn on lights and electric heaters, electricity costs on the market Epex the record price of one euro per kilowatt hour wholesale. Not retail: wholesale.
The issue of crazy energy prices is not only Italian and the autumn rise in energy costs affects all of Europe and the whole world in general. Methane on the Dutch market Ttf, a reference for all of Europe, on 8 September reached the record price of 55 euros per thousand kilowatt hours (yes, even gas can be measured in terms of energy developed). The average prices of the European power exchanges are on fire, the Epex electricity price list detects average prices of 131.76 euros per thousand kilowatt hours for Thursday 9 September in France, 130.23 euros in Germany, 132 in Austria and so on.
London, one euro per kilowatt hour
But in England the average for electricity supplies on Thursday 9 September 2021 is 279.94 pounds, equal to 325 euros, with crazy price peaks for the evening: 783 pounds for 6 pm (911 euros), 867 for 7 pm ( 1,009 euros), 687.55 pounds per thousand kilowatt hours for 20 o’clock deliveries (800 euros). I repeat for the most distracted readers: wholesale for supplies on the evening of Thursday 9 September, electricity in England is quoted at 1 euro per kilowatt hour. At the retail end consumer prices are even more cruel. For Friday 10 September the prices are always very strict, with a daily average of 222 pounds, equal to about 260 euros per thousand kilowatt hours, but without the peak of 9 September.
