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Something having a positive price means it has value. Something having a negative price means getting rid of it has value. A positive price signals that there
by runeks 9y ago
Something having a positive price means it has value.
Something having a negative price means getting rid of it has value.
A positive price signals that there’s a cost to consume something.
A negative price signals that there’s a cost to not consume something.
- raverbashing 9y agoCorrect. Doesn't seem to apply for the biomass case though
- headmelted 9y agoIs that the case here, though? I didn't directly infer from the article that there was a cost to not expending the energy being held in the grid (i.e. does the grid need to expel that excess?). If it needs to expel the excess to consumers, then absolutely the negative pricing makes perfect sense, but I got the impression that this was more a fortuitous set of variables than an intended outcome.