Economy

1052 readers

135 users here now

Lemmy Community for economy, business, politics, stocks, bonds, product releases, IPOs, advice, news, investment, videos, predictions, government, money, politics, debate, current trends and more.

founded 2 years ago

MODERATORS

[email protected]

French Power Price Plunges Below Zero as Solar Swamps the Grid (www.bloomberg.com)

submitted 1 week ago by [email protected] to c/[email protected]

16 comments fedilink hide all child comments

cross-posted from: https://lemmy.world/post/27655861

cross-posted from: https://lemmy.world/post/27655856

Europe’s booming solar generation is overwhelming the region’s grids, sending power prices slumping far below zero.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 2 points 1 week ago

This has been happening every spring for last 5 years, with California. This is the first time for France. It should also be happening in the same places in fall, but doesn't make the news as much.

This is power shoulder season where demand is lowest due to no heating/cooling demand. Europe has had a very warm winter/spring.

Expect news within a couple of weeks of Solar and battery records in California meeting record energy demand.

Batteries, or enough grid connected EVs, is the solution to monetizing high solar energy later on in the day.