Consider also that $0.011/kWh would be at or below the production cost of almost any hydroelectric dam in the world, including the Guri dam in Venezuela, which supplies 73% of the electricity in your country.
Thanks for the education of NORWAY not being on this planet. They get most of their power from dams, and the power costs often are in the 3 cents / kwh range. 11 is terribly high for hydro.
Yep. NetTecture needs too to pay attention to details
and if you look at the power costs reported by wikipedia 11 cents is still pretty low for most places in comparison.
http://en.wikipedia.org/wiki/Electricity_pricing
The lowest reported there is 3 cents in Ukraine. I'm guessing they use hydro too because without hydro power is typically higher. Nuclear power being amongst the highest cost.
http://en.wikipedia.org/wiki/Electricity_pricing
The lowest reported there is 3 cents in Ukraine. I'm guessing they use hydro too because without hydro power is typically higher. Nuclear power being amongst the highest cost.
Actually nuclear when done right is amongst the cheapest. Hydro is the cheapest. Nuclear second. Then coal/gas/wind/solar/etc.
As a matter of fact, France can generate most of its electricity so cheaply (because 80% is from nuclear power) that it has an economic incentive to resell it to its neighboring countries, which it does, making it one of the world's largest electricity exporter (some sources say the largest). Unfortunately these low costs are not passed to domestic users (they pay 0.12 EUR/kWH or 0.17 USD/kWh) I guess because of additional taxes... Compare to wholesale electricity prices in France which are 0.042 EUR/kWh or 0.059 USD/kWh: http://www.world-nuclear-news.org/C_EDF_wholesale_electricity_price_set_200411a.html