Our (German) decision to phase out nuclear energy was a huge crime.
this post was submitted on 23 Aug 2022
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Yeah for sure, nuclear is clearly the only realistic alternative to fossils for the backbone of energy production. Abandoning nuclear was absolutely criminal.
That puts wholesale prices at over double of what most consumer rates are contracted at. In Germany I currently pay just under €0.30/kWh, or €300/MWh.
Figuring in a big cut for the boards of directors, consumers in mainland Europe are headed for the same 4-10x rate increase the UK is projecting.
How does this correlate with the mean income in EU countries?
Decided to do spreadsheets to make this easily readable for everyone, sorted by cost of a MWh/average net income:
Sources: Hellenic Regulatory Authority for Energy, Wikipedia
There is a critical piece of info missing from this. That is MWh used per month. These are 2021 data. Using this will allow you to get to electrical cost per person per month compared to income.
Hopefully I did the math right, if this-> =(E2*C2)/(B2*12)*100 is wrong as a formula for calculating energy cost as a percentage of net income, please disregard this data.
The link you sent didn't have data for all the countries in my original list, so I supplemented with 2014 data (in yellow cells) from worldpopulationreview.com/...
Nice work. The formula is absolutely right. Crazy that some need to spend a full third of their take home pay on electricity.
Wow so for some of the countries the cost is almost equal to the average income? Geez, I thought they'd be better off. Thank you for this excellent work!