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."
And there are 180GWh battery storages planned to store this energy for the next day. But guess who has to confirm the plans? The 4 almighty German power companies. And guess why it‘s just in planning phase? And who is loosing money if energy prices don’t fluctuate that intense? And who tried to slow down the renewables last decade? Same shit as the petrol and gas heads did. Change can’t be stopped, so they play for time.
Edit: Some figures of public power production were published. Power was 62% out of renewables. Mainly wind power. Solar as second.
And the Carbon emissions for electricity is reduced and 50% as of 2014 (152 million tons CO2). Lot of dirty coal burning for power in the past.
Now, heating and mobility as to be transformed to electricity. Making it cheaper as well.
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.
180 GW is power.
If you’re talking about energy I suppose you mean 180 GWh.Changed it. Thx
Is that why their heavy industry collapsed? Cheap power?
https://www.politico.eu/article/europe-energy-bills-germany-brussels-pipeline-prices/
Still 40 cents per Kwh?
The article says declining, not collapsed. The EU says it has to move quickly but with a potential shift (due to right-wing and conservative parties regaining power) from renewables to nuclear that could fail.
I mean the reason for why this happened is clear, Europe always relied on cheap Russian gas which is, at least for people who have just a sliver of humanity, a no go and there is no cheap replacement except for renewables. I guess if the Germans would have invested in renewables earlier on this whole issue would not exist.
Meaning, energy storage farms could be a business?
Only if Germany changes existing legislation on power taxation. And do check out for how much a TWh of grid scale storage goes for. Hydrogen is the only borderline cost effective solution at the scale required.
Decentralized 1-8 WH “Trade at Home” Packs would be able to buffer the civil need, even with a low adoption rate… but come on, these things would generate money by trading AND you have a nice power backup solution for your flat.
But that’s just a stupid idea… why would anyone want this. It’s not like we literally throw away LiPo Batteries after a single use (Vape).
