this post was submitted on 03 Jan 2025
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326
German Power Slips Below Zero as Negative-Price Phenomenon Grows (www.bloomberg.com)
submitted 4 days ago by ArtikBanana@lemmy.dbzer0.com to c/technology@lemmy.world
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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."

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[–] empireOfLove2@lemmy.dbzer0.com 52 points 4 days ago (1 children)

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.

[–] DrunkenPirate@feddit.org 11 points 4 days ago (2 children)

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

[–] empireOfLove2@lemmy.dbzer0.com 7 points 4 days ago* (last edited 4 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.

[–] eleitl@lemm.ee 2 points 3 days ago (1 children)

Domestic scale storage ROIs a lot longer than that, despite 1 kWh going for over 0.3 EUR.