Am I the only one that doesn't understand how something could fall into a negative price range? Like does that mean the power companies have to pay the people using power? And how is power being that cheap a problem in any way? Isn't cheap accessible power what we've been striving to achieve??
Just a note to say that this is the electricity market breaking down - don't celebrate it! France has had low-carbon energy since the 70s when they built a load of nuclear power. The have started building renewable plants rather than updating the nuclear plants. Electricity cannot be stored in the amounts that we use it. So many statistics about wind/solar quote power act like we can use it all... but an installation battery that could store a country like France's worth of energy for 12 hours (solar never works at night) would be the biggest megastructure humans have built*. During a period of high pressure a whole country might get little wind for a week. Also, check out this map if you visit regularly the low carbon energy solutions are nuclear or hydro... the only countries that reliably don't burn fossil fuels use these. [edit: clarity, *edit: Not quite-about 100mx100mx50m, approximately the same size as the Great Pyramid of Giza, but made of flammable material - I got confused with something that could provide a week or two for windless anticyclones]
World News
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc