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That massive spike of 50c/kWh at the left looks tiny compared to today even though that's already insanely expensive
this post was submitted on 05 Jan 2024
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Mildly Infuriating
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At 50 bucks a day it would pay for itself pretty quickly. Not sure what prices are by you but here you can get a brand new stove with auto-temp and a catalytic converter and everything installed for 10k to 12k, or get a decent used stove and have someone install it for 5k +-
Today is highly unusual. Never before in recorded history has the price climbed anywhere near this high. Last year we had record high electricity prices due to the Russian invasion of Ukraine and even then the average price for the year was 18c/kWh. This year it has been around 12c/kWh I think.
That's akin to our rates, im about 13c/kwh delivered. I use about 1.2 to 1.5 mwh per month (with natural gas furnace and wood stove), so 2.50$/kwh would make me shut my house off at the breaker and call it camping.