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Negative electricity prices are also driven by wind subsidies. Wind producers get 2.3 cents per kilowatt hour in tax credits. This means they make money even
by barney54 8y ago
Negative electricity prices are also driven by wind subsidies. Wind producers get 2.3 cents per kilowatt hour in tax credits. This means they make money even when the price of electricity is negative—-up to 2.3 cents a kilowatt hour.
- londons_explore 8y agoNegative prices pretty much never happen in countries without subsidies. It also isn't true that turning off any power station can't be done instantly. The station has to be able to cope with all its transmission lines suddenly being cut, which is a forced instant turnoff. It's more that the startup time is large, and they think that by losing money now, they'll still be running later when the power price is positive again.