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Comment on Price of electricity in Finland peaks at 2.35€/kWh today. Keeping my tiny granny cottage warm costs me over 50 euros for a single day. It's negative 25C (77F) outside.

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Critical_Insight@feddit.uk ⁨1⁩ ⁨year⁩ ago

Older houses burn oil for heating the house and water but even most of them have heatpumps installed. New houses usually also have heatpumps or geothermal so direct electric heating is more and more uncommon. Apartment buildings generally all have district heating and even some private homes do.

Yes it’s expensive but so is everything else too.

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TheEighthDoctor@lemmy.world ⁨1⁩ ⁨year⁩ ago
Geothermal is expensive and not worth it financially in many countries but when you are looking at 2.35€/kWh it seems like a great investment.

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- Hotzilla@sopuli.xyz ⁨1⁩ ⁨year⁩ ago
  He doesn’t mean geothermal in large scale but home level geothermal. It is actually very cheap and efficient technology.
  
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  - TheEighthDoctor@lemmy.world ⁨1⁩ ⁨year⁩ ago
    
    He doesn’t mean geothermal in large scale but home level geothermal. It is actually very cheap and efficient technology.
    
    I understand, but it’s not cheap when compared to solar
    
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    Hotzilla@sopuli.xyz ⁨1⁩ ⁨year⁩ ago
    Solar panels doesn’t provide heat, it produces electricity. Also it is quite common on Finland to have solar panels + geothermal heating, because both of them pay for themself in 5-10 years. Unfortunately solar panels do not provide us enough electricity to be only source, not even with batteries.
    
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