Germany Power Prices Turn Deeply Negative on Renewables Surge
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Re: Germany Power Prices Turn Deeply Negative on Renewables Surge
#2Similar situation last year over Easter:
https://www.cleanenergywire.org/news/clouds-shield-german-po...
Re: Germany Power Prices Turn Deeply Negative on Renewables Surge
#3As 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.
Re: Germany Power Prices Turn Deeply Negative on Renewables Surge
#4As 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.
You don't have a backyard aluminium smelter?
Re: Germany Power Prices Turn Deeply Negative on Renewables Surge
#5Does someone want to elaborate why it's interesting/important that wholesale electricity prices were low one day during a long weekend?
Re: Germany Power Prices Turn Deeply Negative on Renewables Surge
#6If it were just easy to buy a bunch of batteries and profit from this by selling the same energy during evening/night.
But that is only reserved for the big players I guess.
Re: Germany Power Prices Turn Deeply Negative on Renewables Surge
#7As 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
Re: Germany Power Prices Turn Deeply Negative on Renewables Surge
#8Does someone want to elaborate why it's interesting/important that wholesale electricity prices were low one day during a long weekend?
Energy prices being low is interesting and important right now, since we are undergoing a petrochemical energy price increase shock.
Re: Germany Power Prices Turn Deeply Negative on Renewables Surge
#9If it were just easy to buy a bunch of batteries and profit from this by selling the same energy during evening/night. But that is only reserved for the big players I guess.
I know someone who does this in Mew Zealand with power walls.
He is retired and mostly just a hobby.
Re: Germany Power Prices Turn Deeply Negative on Renewables Surge
#10Does 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)