German power prices dropped below zero on the first trading day of the year, an increasingly frequent phenomenon in Europe as renewables expand.

German power prices dropped below zero on the first trading day of the year, an increasingly frequent phenomenon in Europe as renewables expand.

Intraday prices in Germany, the region’s biggest market, turned negative during four hours overnight as wind-energy output reached as much as 40 gigawatts, far outstripping demand."

  • @[email protected]English
    52•6 days ago

    They’ll only block it until they can be the ones to own the battery plants. There is a hell of a market incentive to be able to purchase literally free electricity ans resell it later.

    • @[email protected]English
      11•6 days ago

      Right now it has a ROI of around 4-5 years. However, this playground isn’t for standard people.

      • @[email protected]English
        7•5 days ago

        Oh of course, grid scale energy is never for the “normal person”. The point I am making is established fossil-fuel based energy majors do not want any pip-squeak independent startups to start siphoning profit off from their system or possibly making it more efficient or cheaper for the consumer. Vertical integration of regional monopolies is the name of the game.