Green Energy

2285 readers

68 users here now

Everything about energy production and storage.

Related communities:

founded 2 years ago

MODERATORS

[email protected]

Negative electricity prices registered in nearly all European energy markets (www.pv-magazine.com)

submitted 8 months ago by [email protected] to c/[email protected]

23 comments fedilink hide all child comments

"Spanish consultancy AleaSoft Energy Forecasting recorded negative hourly electricity prices for all but one European energy market it analyzed during the first week of April, including in the Spanish and Portuguese markets for the first time. It also registered an all-time production record for photovoltaic energy in Portugal and the second highest value ever recorded in Italy"

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 8 months ago

In simple terms with caveats and nuances ignored, at times there can be so much power being produced during times of low demand that the electric companies / systems will lower prices on electricity to incentivize its use. In some cases, the amount of power being generated exceeds demand so much that prices can go negative, and they essentially pay others to use it.

There are many reasons for it, and I'm hardly an expert, but essentially some power sources are unpredictable or unstable (ex: solar power is only generating during the day) and others can't be shut down quickly/easily in response to demand. So, this is one way to deal with excess electricity production.