Technology

60306 readers

3472 users here now

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

Our Rules

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

Approved Bots

founded 2 years ago

MODERATORS

[email protected]

326

German Power Slips Below Zero as Negative-Price Phenomenon Grows (www.bloomberg.com)

submitted 5 days ago by [email protected] to c/[email protected]

30 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

[–] [email protected] 11 points 5 days ago (2 children)

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

[–] [email protected] 7 points 5 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.

[–] [email protected] 2 points 4 days ago (1 children)

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