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European electricity prices tumble into negative territory amid glut of green energy
(markets.businessinsider.com)
this post was submitted on 20 Jul 2023
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No in some cases, they pay you to use power in an attempt to keep the frequency stable. it takes time to ramp up or down power generation so the time where there's almost too much power, the rate goes negative to attempt to level it out
It's mainly happening during mid day where people aren't home and using power and when solar is at its peak
And this is why it's insane that we aren't jumping on the ability to control devices like water heaters, heat pumps, and electric cars so they use power when electricity is cheapest..
We have soooo much energy storage capacity if we're just a little smart about things.
Sounds like a good opportunity to invest into energy storage.
unlimited power