Electricity is expensive in Central Europe because the ETS system (carbon tradin... | Hacker News

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ViewTrick1002 43 days ago | parent | context | favorite | on: Spain has become one of Europe’s cheapest power ma...

Electricity is expensive in Central Europe because the ETS system (carbon trading) has made fossil based production expensive.

We’re right in the middle of the transition with maximum volatility swinging between extremely cheap renewables and expensive fossil plants.

MakersF 42 days ago [–]

I checked and it looks like ETS are increasing prices of gas produced electricity 20-30€/MWh. So not little (although peaks are around 140€/MWh). But these are taxes that can be used to reduce the reliance on gas (actually, it's mandatory to use them for transition projects).

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