Have you checked electricity prices in the last 10 years ? Or just say, 1 year ?
That's volatility
A lot of energy prices are linked together, by the way, because many countries use one to produce the other (burn coal or oil to produce electricity, for instance)
Electricity went up at the same time from about 21¢ to 24¢, less than half the relative increase in diesel prices.
And this is pretty typical: geopolitical events cause price spikes (or sometimes dips, when the producers happen to try to undercut one another), and then slowly normalize.
Electricity, by contrast, is lots of sources rolled together, spread all over the planet. Shocks in one source will certainly show up, but are stacked by other sources.
Yes, but I for one welcome the volatile electricity price swings in the Nordics. Electricity cost was negative today in Denmark. Yay for renewable energy.
Despite attempts to artificially stabilize oil prices, volatility there does not spark quite the same joy. Marie Kondo would trash it in an instant.
You understand that not all people lives in denmark
Here, in France, we have 12 times more people than denmark, the highest point is a bit higher than 171 meters and there is a lot of land not really close to the sea
Point is : good for you, but your country' situation is an exception
You also have nuclear power as 75% of your supply and buy our excess renewable on the energy exchange, so you are doing excellent - just make sure that number goes up, not down, unlike a certain ill-advised neighbor of yours.
Our environment-focused market-regulating taxes are also not altitude dependent.
Fun fact, nuclear power has the lowest direct and indirect (e.g., cancer, pollution) death rate per Wh of any supply source - despite high-profile disasters - beating even wind power which while entirely harmless has a considerably higher deaths from accidents during construction and maintenance. The only negative aspect is high up-front construction cost, but that is a low price for the many human lives saved by reduced oil or coal pollution from the plants that were replaced where wind or solar is not an option.
That's volatility
A lot of energy prices are linked together, by the way, because many countries use one to produce the other (burn coal or oil to produce electricity, for instance)