Distribution of hourly spot prices for selected zones. Volatile prices the new normal it seems. Data until June 2024, and capped between -100 and 1000 €/MWh

PV changing when Sweden & Norway are exporting southwards. About 5 GW difference between day and nighttime in 2024

Regression analysis suggests that electricity use for heating is about same level as three years ago

Europe currently using about 33 TWh (or 1%) of its electricity for cooling. If all Europeans where to cool like the Makedonias (55 watt/°C,capita), the electricity for cooling would be about 150 TWh/yr (or about 450 TWh/yr in thermal load). Based on regression analysis.

Finnish district heating is electrifying so fast now, 200 MW of electric boilers and 1000 MWh thermal storage announced to be commissioned by 2026/27 in Helsinki hs.fi/helsinki/art-2…

How come France and Nordics have so much steeper trend lines on this? France and Nordics are net exporter and the difference would be even larger with share of generation on x-axis. Wind in figure includes both onshore and offshore.

Something wind has been doing for while by increasing their rotor size relative to the generator rating (rotor-to-rating ratio). Happening now in solar where the DC/AC ratios keeps on increasing.

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Wind power and electric boiler boom in Finland, will be interesting to see actual market impact on e.g. capture rates. Different purposes and operations, but an electric battery with 2h of storage costs about 10 times more than an electric boiler & 10h hour of thermal storage.

Intressant tn.se/inrikes/41158/…. Med 1 elområde så lär ju stamnätstarifferna behöva öka med minst motsvarande summa som flaskhalsintäckterna för att finansiera nätförstärkning och omdirigering. "Minst" pga troligen ännu större snedvridning av lokalisering av kraft än nu.

Norwegians inefficient heating (resistive rather than heat pumps), large EV adoption, large exposure to hourly pricing and large congestion fee income gives some background for the recent move to offer households a state backed fixed price at 34 €/MWh publicnow.com/view/61E8C6FA8…

Our latest forecast for Sweden & Finland show similar growth as Michael's forecast for US. For comparison, Ireland had a share of 21% in 2023.

Mark Nelson Emirates Nuclear Thanks for sharing Mark Nelson! Paper here: oxfordenergy.org/wpcms/wp-conte… Podcast here: open.spotify.com/episode/2eEJTi…

The North sea countries have majority of the installed wind power capacity. However, Europe is larger than that and Northern Nordics and parts of Spain have had plenty of wind. See more detailed analysis here linkedin.com/posts/lukas-lu…