Electricity prices in France turn negative as renewable energy floods the grid
Electricity prices in France are turning negative as renewable energy floods the grid, a phenomenon that raises both eyebrows and concerns. The concept of negative prices arises from an algorithm that essentially begs renewable sources to turn off due to an excess of generated electricity that the transmission lines can’t handle. This results in renewable energy having to pay for its surplus production, which is far from an optimal outcome.
While negative electricity prices might seem beneficial to consumers in the short term, they present a challenge for further investment in renewables. The issue lies in the fact that as more wind farms or solar panels are added to the grid, the likelihood of negative prices increases, impacting existing renewable sources and discouraging future investments in clean energy.… Continue reading
John Q. Hosedrinker