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Power Worth Less Than Zero Spreads as Green Energy Floods the Grid

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Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid

#371
post #243

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.

Is there zero cost involved in safely venting the steam? I wouldn't think so. It's probably not a very high cost, but I can't imagine it's actually zero.

Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid

#372

This 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 don't need smartphone notifications from my internet connected washing machine to tell me when the laundry is done"

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

#373

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…

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

#374
post #216

Earlier 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.

[deleted]

Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid

#375
post #74

Earlier 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?

There are devices called “supercapacitors” that work a little bit like this. They have rather weird electrical characteristics. I think they’re occasionally used as car starter batteries, but they’re mostly used as very long-lasting devices that can store a moderate amount of energy for backup use. I have a nifty DIMM with some supercapacitors that power a circuit that will wrote the contents back to flash if the power fails.

Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid

#376

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…

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.

Many coal plants in the US are fined both for existing and for operating. Energy companies do what they can to mitigate this by running these plants only when necessary.

Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid

#377

Earlier 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.

Amongst the best and ost efficient energy storage options, but very limited suitable sites.

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

#378

This 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…

A simply delay timer can be wired in seies with the power supply. Less than $10 for 110v, $25 for 220v.

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

#379

Earlier 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…

I've been signed up with PECO for years in Pennsylvania for their SmartSaver program that targets my residential AC during the hottest summer months. I get a bill credit every month for participating.

https://www.peco.com/WaysToSave/ForYourHome/Pages/SmartACSav...

Re: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid

#380
post #191
post #5

> 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.

FTR i also believe there should non-regulated prices. If the price on that day goes up to $1/kwhr (or whatever) so be it. The market prices incentivises the right solutions to problems

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"

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