this post was submitted on 02 Oct 2024
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The "problem" of negative energy costs is easy to solve, but quite costly.
Build water desalination/carbon capture and storage/hydrogen generation plants that only run when the price goes below 0; even though these are very energy intensive, they would help stabilize the grid.
Then build more solar; you want to try to have the daytime price stay in the negative as often as possible.
That's not exactly conducive towards people building more solar.
The solar isn't the goal; the energy is enabling the value in other parts of the economy.
In fact; energy supply is so important to the reasonable functioning of the economy. It should be taken out of the profit driven cycle of business.
Look at what happened with WPI in Ohakune and PanPack when energy prices sky rocketed a few months back.