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It's still not earning you money to spend electricity because you still have to pay the transfer fee which is around 6 cents / kWh but it's pretty damn cheap nevertheless, mostly because of the excess in wind energy.

Last winter because of a mistake it dropped down to negative 50 cents / kWh for few hours, averaging negative 20 cents for the entire day. People were literally earning money by spending electricity. Some were running electric heaters outside in the middle of the winter.

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[-] Rivalarrival@lemmy.today 1 points 3 months ago

There aren't many other options for long-term storage. Massive, cryogenic storage facilities could hold summer-produced hydrogen for winter generation, or allow grid-scale energy transport across the equator.

this post was submitted on 11 Aug 2024
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