That massive spike of 50c/kWh at the left looks tiny compared to today even though that’s already insanely expensive

  • Critical_Insight@feddit.ukOP
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    10 months ago

    Today is highly unusual. Never before in recorded history has the price climbed anywhere near this high. Last year we had record high electricity prices due to the Russian invasion of Ukraine and even then the average price for the year was 18c/kWh. This year it has been around 12c/kWh I think.

    • DanglingFury@lemmy.world
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      10 months ago

      That’s akin to our rates, im about 13c/kwh delivered. I use about 1.2 to 1.5 mwh per month (with natural gas furnace and wood stove), so 2.50$/kwh would make me shut my house off at the breaker and call it camping.