Price signals that go negative seem to really freak people out, but the real transition point is when the price dips below the marginal cost. If you're burning 1 dollar of fuel to generate one dollar worth of electricity then anything less is a signal to switch off. If your boiler has physical reasons for not turning off and on sharply then you can find yourself eating a loss in the short term to make money on averag…
There is another transition point at zero price, though - that's where it starts to make sense to vent the steam to the atmosphere instead of running it through the turbine.
Power Worth Less Than Zero Spreads as Green Energy Floods the Grid
371–380 of 419 posts
Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid
#372This seems like an opportunity for all that currently-useless "smart home" tech that companies are so eager to sell. I don't need smartphone notifications from my internet connected washing machine to tell me when the laundry is done, because i know when i started it. But if i could load the washing machine and tell it to switch on when the cost of electricity dropped below a certain threshold, and it would actually…
I'd like to point out that I would LOVE this feature. I often throw laundry in, go do something else, and completely forget it's in there.
Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid
#373Price signals that go negative seem to really freak people out, but the real transition point is when the price dips below the marginal cost. If you're burning 1 dollar of fuel to generate one dollar worth of electricity then anything less is a signal to switch off. If your boiler has physical reasons for not turning off and on sharply then you can find yourself eating a loss in the short term to make money on averag…
Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid
#374Earlier quoted context omitted.
Bitcoin mining. This may or may not be a sincere suggestion.
Same flaw as the other ideas - mining is very capital intensive. You can use mining in a demand response capacity, but it's best used when you can run it 98% of the time and shut down during the most expensive 2%. If you look at some of the data from Australia, peak cost per MW can go really high. It's also an environmental travesty, but that's already the case.
Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid
#375Earlier quoted context omitted.
Doesn’t work. By the time you’ve moved any non-negligible amount of ions, you’ve built up an insane amount of charge and hence voltage. That voltage will be impossible to work with, not to mention many orders of magnitude higher than the voltage needed to split water into H2 and O2. One mole of singly charged ions is ~1e5 Coulombs. At an insanely high capacitance of 1 Farad (which you’ll never see in such an applicat…
Could you store electrical energy this way more efficiently than pumped hydroelectric? Like make a capacitor the size of a wastewater storage tank?
Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid
#376Price signals that go negative seem to really freak people out, but the real transition point is when the price dips below the marginal cost. If you're burning 1 dollar of fuel to generate one dollar worth of electricity then anything less is a signal to switch off. If your boiler has physical reasons for not turning off and on sharply then you can find yourself eating a loss in the short term to make money on averag…
Suppose your coal or nuclear steam plant suffers not just fuel cost, but an additional cost every time you ramp its output up or down. At times when instantaneous demand is less than you are producing, it could well be cheaper to pay someone else to take the excess energy off your hands than to adjust your plant. That's simply a negative price. Hard to get freaked out over that.
Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid
#377Earlier quoted context omitted.
> but theptip writes below that heating water in residential and commercial settings might be better. When I worked at Ørsted, we did this all the time . We had a huge electric kettle, which we used to produce district heating water. But there are many more things you can do with surplus energy. You can make methane gas from pure CO2 and hydrogen when you apply electric power as a catalyst. The methane can then be ea…
A banal long term way of storing energy is to pump water up to some high ground. Whenever you need it, use a turbine to get the energy back.
The Balkans region, along the Adriatic coast, offers an interesting prospect: using the sea as a lower basin with mountaintop reservoirs. This is a rare topology, particularly near large populations.
What the results of localised salinisation might be is a concern though.
Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid
#378This seems like an opportunity for all that currently-useless "smart home" tech that companies are so eager to sell. I don't need smartphone notifications from my internet connected washing machine to tell me when the laundry is done, because i know when i started it. But if i could load the washing machine and tell it to switch on when the cost of electricity dropped below a certain threshold, and it would actually…
https://www.amazon.com/gp/product/B00MVFF59S/
https://www.amazon.com/Intermatic-HB114C-Heavy-Appliance-Tim...
Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid
#379Earlier quoted context omitted.
Some electricity utilities offer this as a sort of service to their customers, where they detect high grid utilization days and notify customers they can save $ by reducing consumption on those days. Here's PG&E's page about their version: https://www.pge.com/en_US/residential/rate-plans/rate-plan-o... It's not "smart" or automated, but it's a baby step.
This concept is called Demand Response and is quite prevalent. Consumers receive a discount for reducing their load at peak times. This frequently targets very high demand customers rather than residential for the simple fact that it's easier to ask a company to delay starting a single piece of machinery than to reduce the load on an equivalent but large number consumer appliances like refirgerators. Doing this at a…
https://www.peco.com/WaysToSave/ForYourHome/Pages/SmartACSav...
Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid
#380> It’s left the utilities complaining that they can’t earn the returns they expected for their investment in generation capacity. Good. That's a well functioning market economy. Those who make poor investment choices need to feel the sting of losses else the market fails to work correctly.
> Good. That's a well functioning market economy. Those who make poor investment choices need to feel the sting of losses else the market fails to work correctly. You say that - up until the day there is a brownout on a cloudy, yet boiling hot day, because there is little sun and no wind, and no one wants to build non-economical power plants.
eg: batteries and home generators for cloudy days for those who _must_ have power, but those who see the price is $1/hr will turn off their TV or dishwasher etc.
or maybe consumers will start to buy contracts from plants like "I will use 1K of continuous power if you provide it at 16c an hr"