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Germany has too many solar panels, and it's pushed energy prices into negative territory
(markets.businessinsider.com)
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this post was submitted on 24 May 2024
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Well it is a problem, sort of. It's a failing of the market.
But it does open up another market for energy storage so it will save itself through regular marker forces.
But we absolutely want energy suppliers to make money off solar (over a year) or they will simply stop building more of it. I'm not sure if the German state is losing money on this though, in which case they absolutely need to build more storage.
I'm getting really worried about how energy is going to be generated in winter once solar and batteries completely dominate energy production in the summer.