Tomorrow, The Dutch will have 12 hours with a negative (day ahead) electricity price, and a couple of hours with a price equal to zero.
This is caused by a high production of wind energy in NW-Europe, combined with a relative low ('Sunday') power demand.
Although to a lesser extend, neighbouring countries witness as well a significant number of hours with negative power prices.
I expect, this phenomenon will increase significantly in coming years. Agree?
About a 25% increase in solar and wind, in combination with a 5% decrease in power demand makes that this year, almost every weekend, production by wind & solar exceeds Dutch demand (+ export capacity) for some hours.
I expect that we will see that pattern next year, and certainly from 2025 onwards, as well on weekdays.
As fun as pretending that prices are zero sometimes, collectors of solar energy, if private, are paid in a manner that encourages production. Without increasing the payments for solar.
I've seen pro #climate collapse political accounts say its "impossible to make your investment back" because prices are zero. They're lying of course.
The system pays well to encourage solar investment, sold in ways to encourage use.
Build ALL the sun and wind needed to END Carbon fuels
No, I don´t agree (until someone convinces me otherwise).
As soon as the big companies find out that you get free electricity to create hydrogen, they will build factories which only run when the price is below a certain threshold.
@BM_Visser I don’t understand negative prices. Why don’t they put those turbines on hold, to save lifetime and maintenance costs? To become more independent from fossile, we actualy need more reserve capacity in renewables.
@BM_Visser People think they're being messed with if they see this news and they're still continuously paying more and more for their electricity. It's not particularly good advertising for renewables.
@BM_Visser At some point there'll be enough "free" power that decentralised power to x and carbon capture will be profitable. With the caveat the obviously carbon capture isn't profitable in the traditional sense.
@BM_Visser seems likely indeed. But at some point it renewables will make it very hard to run anything else on a profit, no? Then only storage can make sure we have enough energy year round, as other power generation is more expensive than renewables most of the time. And the times that RES+storage doesn't cut it will be too little.
So we'll add more storage then I guess, but that's a long way out still
@BM_Visser 👍 I also wonder how well that increase has been quantified, for planning purposes, and whether anyone is able to adjust demand into those hours. Seems like it’s time to really implement those measures.
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