Have you ever wondered how is it possible that the price goes negative? Why would someone pay you to use the energy they produce? Logically, the price shouldn't go below 0 (*) . The reason is that the government gives incentives for each kWh produ ed. So if they pay you 0.10€/kWh, you'll be happy to pay people up to 0.09€/kWh as long as you can keep producing, since your marginal cost is 0. Basically government incentives are producing this situation, paying people to produce electricity nobody wants. It's also the reason why production is far from consumption: the incentives never were designed to push to generate useful electrons, just electrons, even if they cannot be moved to where they are useful. We need to rework how incentives are provided, because this is ending up wasting a ton of public money!
(*) except for power stations were they cannot physically turn it off, but generally they wouldn't be able to produce enough energy to define the marginal price
[–] flakeoil 2 days ago
[–] netsharc 2 days ago
In a very tiny Canary Island, their battery is many many tonnes of water pumped uphill when they have windpower: https://www.youtube.com/watch?v=RXhAj5BHdfM
By using less oil and less gas we reduce CO2 emmissions, save money and are less dependent on other regions far away.