You are right that we can look to Spain for a vision of what prices can be in a high renewables future.

Thank you. Rebalancing gives a stronger price signal for electrification, the challenge is to avoid overburdening ppl stuck on gas.
We didn't address standing charges cos they don't work the same in each country. Fixed costs do mask efficiency & flex signals, & burden people using less electricity.

We present three policy design options available for governments to take decisive action whilst mitigating impact on tight national budgets.

Our analysis focusses on household electricity and #gas prices, aiming to make heating with a #heatpump more cost effective and affordable. We identify countries (EU and UK) with high potential and need for pricing reform.

Is 8 actions all it takes to Make Electricity Cheaper? Almost certainly not. With this paper authors Zsuzsa Pato, Monika Morawiecka, @bramclaeys.bsky.social and I aim to open a conversation on the most impactful measure.
❓What would be in your list?

Making Electricity Cheaper relies on systematically driving down costs, reducing reliance on #fossilfuels and allocating costs efficiently and fairly.

I didn’t say Europe has leadership in electrification. In fact I made the point that only 3-4% of industrial process heat is electrified. But I did say that Europe has technology development leadership and large share of exports in some clean tech.

5. Economics of electrification still needs help. Making electricity cheaper for strategic sectors is vital. Govts can reduce taxes and policy costs added to ⚡prices to send an immediate investment signal - this is illustrated by RAP colleagues @soxenaar.bsky.social & Tom Butler in upcoming work 👀

4. ‘Flexibility’ in the industry sector does not mean disrupting production. Combination of on-site storage, renewables, and process modulation can aid access to lower energy prices, improving the economics of electrification. Looking forward to a study from smartEn smarten.eu/events/flexc...

3. Grid access can prevent electrification say some industry players. This is a very real issue in some places but not everywhere. We can make better use of grids and create ‘priority lanes’ in grid queues to help sites get access faster. More from Zsuzsa Pato tinyurl.com/3kamcd3r

2. Electrification presents a huge opportunity for Europe. Only 3-4% of process heat is electrified. There's massive potential for European industry to decarbonise and support European clean tech. Electrified heat technologies are where Europe has leadership and a growing share of exports.

For a comprehensive overview of the framework needed to really get household demand-side flexibility off the ground see our paper "The Joy of Flex" 😉
www.raponline.org/knowledge-ce...

Elec Directive requires large suppliers offer a flex tariff - aiding access to cheaper⚡. This should lead to innovation in retail mkts to bring forward offers that make moving electricity use easy and safe. @sophieyulebennett.bsky.social and I set out in 'Flex-Ability for All' tinyurl.com/5n75zu83