"This is nuts:" European power prices go negative as springtime renewables soar [View all]

[Caribbeans]

“This is nuts:” European power prices go negative as springtime renewables soar

RenewEconomy.com.au | Joshua S Hill | 31 May 2023

Balmy springtime weather across Europe and growing renewable energy capacity has led to multiple days of negative wholesale power prices across the continent, highlighting the need for increased energy storage capacity.

A number of factors have led to consistent negative wholesale power prices across Europe over the last few weeks.

Energy analyst Gerard Reid has been highlighting these trends stemming not only from increased renewables and favourable weather conditions, but also the impediment to stable generation levels caused by nuclear power.

For example, according to Reid, Denmark “consistently meets 85% of its weekly energy needs from renewables. However, on particularly windy days … Denmark’s strong interconnections with neighbouring countries enable it to export up to 50% of excess power...more
https://reneweconomy.com.au/this-is-nuts-european-power-prices-go-negative-as-springtime-renewables-soar/

"Worthless" ?

What could possibly be done with "free" energy?

YOU Decide...

It will take more than one Tech to wean the globe off of fossil fuels. It's as simple as that.

If "The Biggest Nuclear Plant EVER" was to be built starting tomorrow, what is to be done for the ~10 years or so before it spits out its first electron?

Easy! - complain about other "Worthless" tech while driving to work on Saudi Oil!