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German Power Slips Below Zero as Negative-Price Phenomenon Grows (www.bloomberg.com)
submitted 4 days ago by ArtikBanana@lemmy.dbzer0.com to c/technology@lemmy.world
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German power prices dropped below zero on the first trading day of the year, an increasingly frequent phenomenon in Europe as renewables expand.

Intraday prices in Germany, the region’s biggest market, turned negative during four hours overnight as wind-energy output reached as much as 40 gigawatts, far outstripping demand."

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[-] empireOfLove2@lemmy.dbzer0.com 7 points 4 days ago* (last edited 4 days ago)

Oh of course, grid scale energy is never for the "normal person". The point I am making is established fossil-fuel based energy majors do not want any pip-squeak independent startups to start siphoning profit off from their system or possibly making it more efficient or cheaper for the consumer. Vertical integration of regional monopolies is the name of the game.

this post was submitted on 03 Jan 2025
324 points (97.1% liked)

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