this post was submitted on 02 Oct 2024
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Literal free goddamn energy from the sky and these greedy fucks are going to burn the world down because they can't flip it for a buck
It sounds dumb, but because you can't turn off solar power, if it produces more then you need, you have to use it somehow or it can damage equipment. Hence the driving prices into negative territory. It's a technical problem more than it is a financial one.
It is a financial problem. Technically you can just cover the solar panels. But that's not good financially.
Your "technically you can" is actually a huge logistical nightmare to implement.
Having electricity rates go really low is intended to incentivize people or companies to sink the excess energy to wherever they can. And also to discourage producers to produce more at that hour, if they are able to.