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German Power Slips Below Zero as Negative-Price Phenomenon Grows (www.bloomberg.com)
submitted 7 months 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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[-] eleitl@lemm.ee -2 points 7 months ago

Only if Germany changes existing legislation on power taxation. And do check out for how much a TWh of grid scale storage goes for. Hydrogen is the only borderline cost effective solution at the scale required.

this post was submitted on 03 Jan 2025
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