this post was submitted on 22 Apr 2024
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Probably should read the article. Nah. Fuck that. Much better to just express outraged, regardless if it makes sense.
I don't make sense, I make dollars! To be fair, negative prices and an over abundance of solar energy are standard complaints of conservatives.
they are right though. if you look into this at all, you will quickly find that negative prices are not a problem because of profits, but because non-renewable energy sources start to undergo damage when the power they create is unused due to an overfilled power grid. negative prices exist because they are willing to pay folks to use the power that is threatening infrastructure.
as the article outlines, the solution is storage, but storage capacity has not yet caught up to solar capacity.
believe me, i too am highly critical of capitalism. but for once, this isn’t an instance of that. and by failing to read and understand the article you have entered this thread in pretty bad faith, more or less spreading misinformation because it’s what you assume to be true.
Yep, this is sadly a physical problem in the essence, not created virtually by capitalist economy. The negative price is just how the capitalist economy reacts at it.
It is though. The entire reason we're still using obsolete inflexible technology is capitalism. Might not be able to buy that 4th yacht if we pay to upgrade our LNG plant.
glad mine was a helpful comment and thanks for your further comment adding detail :) was getting down over all the misunderstanding going on in the comments. cheers!