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We're seeing prices for electricity as low as 0€ or less because people aren't using it efficiently. Part of that is because there is insufficient storage capac
by squiggleblaz 7y ago
We're seeing prices for electricity as low as 0€ or less because people aren't using it efficiently. Part of that is because there is insufficient storage capacity, preventing it from being used when there's more demand and less wind.
But another part of that is that retail prices don't correspond close enough to market prices, so people aren't incentivised to use the best source of energy available at a time. An electric heater isn't that expensive. An app that broadcasts the current energy price is probably a little more expensive, especially since the company that produces it will want to add as many expensive lock in features as they can.
The German marketplace is remarkably inefficient. It's extremely difficult to cancel contracts here for instance — you most commonly have to do it several months in advance, or else they will automatically extend themself without the actual, legitimate consent of the client.
There's many problems but most of them are caused by bugs in the German marketplace which could be fixed by regulation intended to improve efficiency. For some reason, all the regulation here is intended to reduce efficiency.
- lispm 7y ago> extremely difficult to cancel contracts here for instance No, it's not difficult. Changing your energy provider is usually quite easy and there are a lot to choose from. I did it a few years ago and the new provider did all the paper work for me. It's just that many end consumers are not prepared to do it. And no one does it on a daily base on the spot market.