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

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[–] 4 points 2 years ago (1 child)

Mainly the reason is that many countries do not have hourly capable meters, so calculating the price for each hour is not possible. Flat rate is needed when you just have the cumulative read once a month.

In Finland the meters communicate automatically once a day, and send the 24h values to grid company. The next generation meters which are now installed can communicate once a hour.

30% of Finns are on spot.

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  • [–] 1 point 2 years ago (1 child)

    Oh interesting, never knew that's a thing. Sounds mostly like a good development to make people more conscious about their consumption.

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