The Spanish electricity market registers negative prices

https://aleasoft.com/negative-prices-spanish-electricity-market/

#HackerNews #SpanishElectricityMarket #NegativePrices #EnergyNews #RenewableEnergy #ElectricityTrends

1/ Happy new year, #energy people in the fediverse! Let's kick 2025 off with a little 2024 review of negative prices in the German wholesale electricity market. 🇩🇪🔌

A 🧵with the main insights, based on graphs from the #OpenEnergyTracker: https://openenergytracker.org/en/docs/germany/prices/#negative-prices 🔽

#electricity #negativeprices #renewables #energytransition

1/ Negative electricity prices 😱 There has been a lot of talk about them in Germany recently. But how often do they actually occur and what are the trends?

To make the debate more objective, we at #DIW Berlin have put some data together for you. You can now find regularly updated charts on the frequency and severity of hours with negative prices in the German wholesale electricity market on the #OpenEnergyTracker: https://openenergytracker.org/en/docs/germany/prices/#negative-prices

Mini 🧵 below ⬇️

#electricity #negativeprices #opendata

"#NegativePrices aren’t new, first occurring in Germany in 2008 as the nation ramped up wind and solar production.

But they were rare, until now.

Operators may be reluctant to make future investments because they’re not getting paid enough for the #CleanEnergy they’re churning out now.
So what’s the solution for producers and investors? The obvious one is to build more #batteries."

https://www.bloomberg.com/news/articles/2024-06-02/bursts-of-free-power-raise-red-flags-for-green-tech-investors

I really do wonder about this. #RenewableEnergy
Solar farms had to shut down during the day coz residential solar was sending prices negative.#SthAust
As rooftop increases, will retailers be left bidding to power industry while households pay almost nothing.
And will govt limit rooftop solar to appease profits?
#auspol #RooftopSolar #ResidentialSolar #NegativePrices #Renewables #solar

https://reneweconomy.com.au/south-australias-remarkable-100-per-cent-renewables-run-extends-to-over-10-days/