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normally when you buy electricity it costs money!
by mhh__ 5mo ago
normally when you buy electricity it costs money!
- victorbjorklund 5mo agoMany times negative spot prices.
- XorNot 5mo agoWhich is bad, it's a market and infrastructure failure. Negative prices are to get generators to turn off. A new feature on solar inverters is curtailment mode so they can be remote shutdown when the grid goes negative, since if you're on wholesale energy pricing you'll be charged if you keep driving the grid.
- ZeroGravitas 5mo agoIt's a good thing and you explain why in your second paragraph. What gives people the right incentives to increase or reduce curtailment? The market price being negative or positive.
- XorNot 5mo agoIf the market is being driven negative then it means there's an oversupply. Which means overall the price of electricity is higher then it should be - negative prices have to be compensated by higher positive prices at other times, and reduce the return on capital to build new power infrastructure of all sorts. Turning off productive solar panels is wasting power.
- ZeroGravitas 5mo agoThe negative price can also be thought of as paying people to use the productive solar panels rather than turn them off, it's a two sided market that drives demand to times of clean and cheap energy, which lowers costs for everyone.
- pyrale 5mo agoThat market-maximalist strategy isn’t producing price reductions in Europe so far.