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French Power Price Plunges Below Zero as Solar Swamps the Grid (www.bloomberg.com)

submitted 3 months ago by Redditsux@lemmy.world to c/economy@lemmy.world

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cross-posted from: https://lemmy.world/post/27655861

cross-posted from: https://lemmy.world/post/27655856

Europe’s booming solar generation is overwhelming the region’s grids, sending power prices slumping far below zero.

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[–] Hello_there@fedia.io 3 points 3 months ago

Yes. Or any industrial facility that requires lots of power. Think how much the economy could zoom if people didn't have to worry about the price of electricity