Quote:
Originally Posted by Street Pharmacist
But that's not how electricity pricing works. The price for electricity is set by the marginal kilowatt. That means if you're using a 10% mix of gas, or 50% mix, the price is mainly set by the price of gas right now. You pay the windmill guy the same price for his electricity as you pay the gas turbine guy. It doesn't matter what's generating it. The Windmill guy is just making waaaaaaaaaaaay more money because he's not paying much for the electricity he's selling.
Natural gas is a global commodity, so German production would have no impact on their pricing unless a) it was massive enough to change the global market, or b) they nationalized it. There's not enough there to make a difference here
/Tldr The unreliable source right now IS natural gas and it's almost entirely responsible for the energy costs in Germany.
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Germany looks to use under 9 billion cf of gas a year, and has at least 17Tcf of technically recoverable shale gas in one basin in the north(there is more in the south). Plenty, if they developed it.
https://www.ceicdata.com/en/indicato...as-consumption
https://www.velaw.com/shale-fracking...urces/germany/
While you say natural gas is a global commodity, it doesn't really function like that, due to the challenges of transporting it, which is why it has different prices all over the place. I don't really know how you could argue having a domestic supply vs relying on Russia would be a negative here.