For the UK it's a tripple whammy right now: high gas prices, a fire at an interchange to France and with Brexit they left the EU’s internal energy market. As a result the prices for electricity are skyrocketing at certain times of the day.
I mean, £1/kWh is pretty high, but it's not totally outrageous and it appears to have been capped by some kind of regulatory limit. 42¢/kWh is the standard retail price in California during peak demand hours, and that's not a huge difference.
You pay $0.42/kWh real time peak price in CA on a normal day? That's an absolutely bonkers number to me. Normal peak real time prices in Texas are like $0.12/kWh
We moved from California a few years back. We lived in an area that they had tier usage based on $DATA. That meant that you went out of the most affordable tier after you ran a refrigerator and a lightbulb. We always were charged over a dollar per kWh. Moved out to the PNW and I'm paying under $0.07/kWH now. It's fantastic.
Hello fellow New Englander! Do you know what produces NH’s energy? I believe in MA it’s mostly natural gas, though solar is growing (I’ve got solar on my roof and my electric bills have been in the single digits all summer).
Texan here, that's the wholesale rate. Only people on wholesale plans (now banned I believe) would have paid that. I paid 9c per kWh during the whole ordeal while wholesale pegged at $9 per kWh. My price is fixed at 8.9c per kWh for 2 years.
Sure, consumers are normally shielded from the wholesale market by regulation or contract (although not necessarily in Texas, as some learned), but I'm pretty sure the graph posted by the GP is the day-ahead wholesale market for some jurisdiction.
That's what weekend pricing looked yesterday: https://i.imgur.com/U275C5r.png