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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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For a couple of hours last week I was paid to use electricity. Price of eletricity goes negative fairly often, but only a little. On top of the electricity I, having a spot priced contract, pay a margin ~0.5 € cents/kWh and tax and transmission fee. Last two are about 3 cents /kWh. So for me to get paid the price has to be about -7¢/kWh and that has only ever happened during a few hours.