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If 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
by XorNot 5mo ago
If 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.