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Why Power Prices Can Go Negative and What It Means (www.bloomberg.com)

submitted 3 days ago by [email protected] to c/[email protected]

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[–] Flaqueman 3 points 3 days ago (1 children)

It means that electricity shouldn't be treated as a good you can speculate on.

[–] [email protected] 2 points 3 days ago* (last edited 3 days ago)

I didn't see anything in the article at all regarding speculation or futures markets of electricity with the one exception being a mention of some industrial operators signing long term contracts to buy oversupply.

Can you refer me to the section of the article you're responding to?

[–] [email protected] 2 points 3 days ago (1 children)

This is just further spelling out the case for energy storage. It seems like there would be tons of profit potential for just running a grid scale battery storage facility plant- if you can charge at negative wholesale and sell at peak, then you would not only stand to make a profit, but you’d help even out the problem.

[–] [email protected] 1 points 3 days ago

For sure. I'm expecting that even with significant storage, a cost-optimal system will still need to curtail generation some of the time though.