Price of electric is below 0,They will pay you to take it

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BigBarney
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Post by BigBarney » Sun. Jul. 02, 2023 11:54 pm

Energy in Europe at below 0 .... So much renewable energy its free at times....

https://reneweconomy.com.au/crazy-world-of-eu-pow ... n-germany/



Renewables are the first to be used with others used by price,so many fossil fuels have

limited use because they are too expensive.

You have to be able to take the energy at a moments notice and pay for distribution.

BigBarney

 
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davidmcbeth3
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Coal Size/Type: nut/pea/anthra

Post by davidmcbeth3 » Mon. Jul. 03, 2023 2:14 am

However, renewable generators on CfD subsidies don’t get paid if prices remain negative

https://reneweconomy.com.au/crazy-world-of-eu-pow ... n-germany/

That mean no more renewable energy companies will make new "facilities" ? This would make sense if they are not going to get paid for generating electricity.


 
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BigBarney
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Post by BigBarney » Tue. Jul. 04, 2023 3:14 pm

The smart ones couple it with some type of energy storage so they sell

none at negative prices. Most new systems have both so they coast along

with the stored energy and then sell at the peaks for extra income.

You have to remember that energy can stored in many ways for use in

the future so every situation is different in the type of storage.

https://www.bloomberg.com/news/articles/2023-07-0 ... -in-europe

BigBarney

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