alt Hacker NewsI am going to assume based on the fact that the article is about Ireland, and Ireland uses the euro, the commenter is in Ireland
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hinkley • today at 12:20 AM
That makes it worse! A euro is worth about 10% more than a dollar.
Ireland has a lot of oil in their power mix from what I'm seeing, so that makes a bit of sense.
Maybe the high power cost is why they're deploying ~600GWh of new wind capacity per year for the last 15 years. Because at those rates the wholesale prices should be able to subsidize a lot of loans.
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Also the mention of turf https://en.wikipedia.org/wiki/B%C3%B3rd_na_M%C3%B3na