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German Power Slips Below Zero as Negative-Price Phenomenon Grows (www.bloomberg.com)
submitted 6 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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[-] empireOfLove2@lemmy.dbzer0.com 1 points 6 months ago

They'll only block it until they can be the ones to own the battery plants. There is a hell of a market incentive to be able to purchase literally free electricity ans resell it later.

this post was submitted on 03 Jan 2025
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