Friday, March 1, 2013

Electricity to Fuel Price Ratio


Every month like clockwork Vaasa ET Global Energy Think Tank puts out a Household Energy Price Index for Europe. It's a useful document. If you divide the electricity price in each country by the natural gas price you get the following table.

Electricity to Fuel Price
(EF Ratio)
Austria
2.58
Belgium
3.15
Denmark
2.72
France
2.08
Germany
4.12
Greece
1.95
Ireland
3.24
Italy
2.05
Luxembourg
2.58
Netherlands
2.79
Portugal
2.65
Spain
3.07
Sweden
0.89
U.K.
3.11

If the EF ratio is less than the coefficient ofperformance (COP) of a heat pump it can be more economically advantageous to use your photoelectricity to displace natural gas rather than electricity.

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