This is something that has been occasionally happening in Europe (at least in Germany, don’t know about France) for well over 10 years now. Probably more like 15.
What’s sorely needed at this point is much more storage to make this energy available when it is needed instead of when it isn’t. Before that happens, you cannot really decommission any gas or coal power plants, because you still need them during times of much less renewable production.
this is why we still need nuclear, to replace the fossil fuel baseline.
Amazing how you get downvoted with no reply even though your comment is the truth. People who claim to be environmentalists who are also against nuclear energy are seriously dumb.
Yet whenever prices for something go negative we’re never paid for taking it off their hands.
Negative? Sounds like music to the crypto-miners. Heck, can I get paid for shorting two wires together?
I’m a Fiscally Responsible American Republican and this is EXACTLY why we SHOULDN’T transition away from Oil! Imagine all the RESEARCH into YACHTS and MANSIONS the CEOS can’t do now that prices are NEGATIVE!
Prices go negative in Texas somewhat regularly
In Texas so does the grid.
Doesn’t mean much when it collapses due to weather.
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??
Though it won’t show up as negative in the bill, not even a discount
If you have a dynamic pricing contract of course you get a discount… If you don’t, you chose not to in return for price stability 🤷
Though yeah, last time prices went negative in Germany I was still paying 10ct/kWh in just taxes and fees. Would be pretty cool if they’d have paid me for using electricity during that time, but of course that’s not how that works.
