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It's still not earning you money to spend electricity because you still have to pay the transfer fee which is around 6 cents / kWh but it's pretty damn cheap nevertheless, mostly because of the excess in wind energy.
Last winter because of a mistake it dropped down to negative 50 cents / kWh for few hours, averaging negative 20 cents for the entire day. People were literally earning money by spending electricity. Some were running electric heaters outside in the middle of the winter.
Renewables dipped below $0 for us in California too this year. Fortunately for the utilities, those savings don't get passed along to customers and I still paid $0.53 kW/h. /s
Lucky you.
I still paid $0.53 kW/h.
That is surprisingly expensive, it's more than here (Cambodia), which is notoriously high for the region at around 20c.
If you want people to use less energy this is the only way
Alternative: Create more energy, preferably renewable. Penalize heavy users only (raise costs). Incentivize (lower costs) those using renewables like solar panels. Raising costs for all is the laziest way.
In the case of PG&E, they have to pay for killing a bunch of people and burning down some towns, so they're passing the expenses onto everyone else. Privatize the gains and socialize the losses baybeee. Gotta love state sanctioned monopolies.
Why /s there?
Also fuck PG&E. Fuck that company. Assholes.
Why does it feel like every Nordic country is much better then Sweden these days.
We each have our problems but I have to admit that I haven't heard many positive news coming from there recently.
The energy prices in Sweden were also mostly negative yesterday, and today as well. Although probably not quite as much as in Finland.
Because Sweden wants to be Nordic America these days.
And the current right wing government is looking closely at US republicans in particular
Eeh? The price dipped to -70 öre in southern sweden today.. And you should probably not use negative prices as a messurement of success anyways. :)
Because we have been riding high on believing that our infrastructure is the best in the world.
People were literally earning money by spending electricity. Some were running electric heaters outside in the middle of the winter.
Resistive load. Gotta dump excess energy somewhere.
My electric company here in the us mines bitcoin with it and charges us a "peak time incentive" pricing model.
Sometimes I wonder what it would have been like to be born somewhere like Finland.
Colder and darker for sure
Meanwhile in the USA the electric companies will mine BTC, and charge consumers more wherever they can. They will even sue people for going solar for "losing out on profits".
Luckily my energy company found a way around all of this to always charge more! We have "Basic Customer Charge", "Summary of Rider Adjustments", "Renewable Energy Rider", and then Sales Tax on all of it. My base charge is over 100$ before they start calculating your actually energy usage. Yay electrical monopolies!
Following the massive rate spikes during the Texas ice storms which were somehow legal, we get a couple hundred dollars added to our bill ever month for like a century. Even if you have solar and have net-negative electricity use you have to pay the fee for being connected to the grid.
And you have to be connected to the grid to have a certificate of occupancy. Otherwise we'd just have solar and a backup generator.
It might be cheap now, but I'm fearing the December - February i.e. the coldest part of the year when the price can get salty. Especially when/if the OL3 (or any other) plant trips offline, the price will bump up a lot.
The good part of having excess eletricity is that doing a "electric-kettle" district heating becomes feasible. So instead of reducing the (windmill) production, it makes sense to dump the excess generation capacity into district-heating. (which has large capacity to store the heat)
This will hopefully lead to storage methods, maybe exportable ones like hydrogen
Hydrogen is not good for energy storage. Round trip efficiency is abysmal and its incredibly difficult to store in the first place
Does it ever make you want to turn on every appliance in the house just for the hell of it? Lol
No, since we pay a flat transfer rate on top of that, about 2-6 cents per kWh depending on the area.
Of course, that doesn't stop idiots from turning on all their stoves during these times anyway.