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> If they have any significant power storage capacity, maybe they could store power and sell it back to the grid when prices go positive, or maybe turn on their
by runeks 9y ago
> If they have any significant power storage capacity, maybe they could store power and sell it back to the grid when prices go positive, or maybe turn on their mining rig while prices are negative, if they go negative frequently.
There’s no reason to get so sophisticated: just plug in an electrical heater placed outside, and get paid. A negative price is a perverse incentive — unless we want to get rid of whatever thing is priced in the negative.
- Filligree 9y agoWhich is precisely what we want to do. As mentioned elsewhere, negative prices happen when load is too low and artificially creating load is cheaper than making generators shut down. It's an uncommon situation, because if it keeps happening then the power plant will indeed invest in giant heaters.
- chii 9y ago> just plug in an electrical heater placed outside while that's cheap, it feels like a large waste of energy that could've been used for something useful.
- runeks 9y agoI agree with you, but this is the incentive you create when pricing stuff in the negative.