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327

German Power Slips Below Zero as Negative-Price Phenomenon Grows (www.bloomberg.com)

submitted 3 months ago by ArtikBanana@lemmy.dbzer0.com to c/technology@lemmy.world

30 comments fedilink hide all child comments

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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[–] leisesprecher@feddit.org 3 points 3 months ago (1 children)

I'm not arguing against the need, I'm saying that the economic incentives for private investors are not really great.

[–] DrunkenPirate@feddit.org 1 points 3 months ago

Oh sorry. Didn‘t get your point. For what I‘ve read, the driver of PV this year were mid-sized companies to get cheaper power. And small PV‘s for house owners. Yes, investors and big PV farms rather look for battery storages.