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German Power Slips Below Zero as Negative-Price Phenomenon Grows (www.bloomberg.com)

submitted 3 weeks ago by [email protected] to c/technology

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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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[–] [email protected] 143 points 3 weeks ago* (last edited 3 weeks ago) (13 children)

And there are 180GWh battery storages planned to store this energy for the next day. But guess who has to confirm the plans? The 4 almighty German power companies. And guess why it‘s just in planning phase? And who is loosing money if energy prices don’t fluctuate that intense? And who tried to slow down the renewables last decade? Same shit as the petrol and gas heads did. Change can’t be stopped, so they play for time.

Edit: Some figures of public power production were published. Power was 62% out of renewables. Mainly wind power. Solar as second.

And the Carbon emissions for electricity is reduced and 50% as of 2014 (152 million tons CO2). Lot of dirty coal burning for power in the past.

Now, heating and mobility as to be transformed to electricity. Making it cheaper as well.

[–] zergtoshi 15 points 3 weeks ago (1 children)

180 GW is power.
If you're talking about energy I suppose you mean 180 GWh.

[–] [email protected] 5 points 3 weeks ago

Changed it. Thx

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