322
German Power Slips Below Zero as Negative-Price Phenomenon Grows (www.bloomberg.com)
submitted 6 days ago by ArtikBanana@lemmy.dbzer0.com to c/technology@lemmy.world
20 comments fedilink hide all child comments

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."

you are viewing a single comment's thread
view the rest of the comments
[-] wewbull@feddit.uk 7 points 5 days ago

It also happened in the UK and I suspect other European countries with significant wind generation. Is this still a rare event in Germany? 2-3 times a month isn't uncommon here. Especially in the winter.

this post was submitted on 03 Jan 2025
322 points (100.0% liked)

Technology

60323 readers
3390 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world