where's the bitcoin miners when you need them ??? /s
Germany Power Prices Turn Deeply Negative on Renewables Surge
11–20 of 101 posts
Re: Germany Power Prices Turn Deeply Negative on Renewables Surge
#12Does someone want to elaborate why it's interesting/important that wholesale electricity prices were low one day during a long weekend?
The only interesting part is that renewable production in Europe is so random that there can be far too much for short periods.
The wholesale price system is not a reliable signal or incentive for electricity generation supply and demand in Europe. There are various subsidies, taxes, levies, and fixed costs not shown at the wholesale level that completely change calculations.
These numbers will make customers upset and complain about price gouging if they don't understand the disconnect. Or, it makes customers think that renewables are cheap because they are not seeing the subsidies that on net result in higher payments to renewable providers than carbon-based producers.
Re: Germany Power Prices Turn Deeply Negative on Renewables Surge
#13> Excess electricity produced during periods of low consumption cannot yet be stored at scale, as battery capacity remains limited.
Re: Germany Power Prices Turn Deeply Negative on Renewables Surge
#14For anyone thinking negative prices is a good thing: It's not. It's a panic signal because there are no takers for an oversupply of energy, making the grid unstable.
Re: Germany Power Prices Turn Deeply Negative on Renewables Surge
#15[dead]
Re: Germany Power Prices Turn Deeply Negative on Renewables Surge
#16Does someone want to elaborate why it's interesting/important that wholesale electricity prices were low one day during a long weekend?
it makes private energy storage a viable investment option. You can just invest in a large battery (or other storage system) and make a profit over buying/selling energy. I really hope, this happens on a big scale and further reduces the dependency on fossil fuels (at least over 24h. winter is a different question)
It does not make private energy storage viable on its own. You need to get enough charge/discharge cycles out of it in a certain time period. This means you need almost daily high price fluctuations. We aren't seeing that in Europe. We see high winds push down prices for multiple days and we see multiple weeks with consistent high prices in the winter, with occasional drops on the weekend.
Re: Germany Power Prices Turn Deeply Negative on Renewables Surge
#17For anyone thinking negative prices is a good thing: It's not. It's a panic signal because there are no takers for an oversupply of energy, making the grid unstable.
It's a good thing if you can profit from it.
It doesn't seem that hard. All you need is a load, but obviously harder as you increase the scale.
Heck you could build some large bodies of water and boil them from time to time.
Re: Germany Power Prices Turn Deeply Negative on Renewables Surge
#18As if negative prices trickle down to the consumer. The electricity market is byzantine, rigged and has resulted in higher energy prices in the last 20 years.
In the UK you can get energy plans with a price that updates every half hour, published a day ahead. From 12:30pm - 4pm today that price is negative. It was also negative for around 16 hours of Easter Sunday. https://www.octopriceuk.app/agile
Where’s profitable crypto mining when you need it?
Back yard plasma furnace? Artificial diamond making? Aluminum smelting?
Re: Germany Power Prices Turn Deeply Negative on Renewables Surge
#19For anyone thinking negative prices is a good thing: It's not. It's a panic signal because there are no takers for an oversupply of energy, making the grid unstable.
[deleted]
Re: Germany Power Prices Turn Deeply Negative on Renewables Surge
#20For anyone thinking negative prices is a good thing: It's not. It's a panic signal because there are no takers for an oversupply of energy, making the grid unstable.
1. They could export the surplus. No?
2. Isn't cheaper electricity a good thing for the manufacturing industry?