this post was submitted on 11 Aug 2024
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Mildly Interesting

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It's still not earning you money to spend electricity because you still have to pay the transfer fee which is around 6 cents / kWh but it's pretty damn cheap nevertheless, mostly because of the excess in wind energy.

Last winter because of a mistake it dropped down to negative 50 cents / kWh for few hours, averaging negative 20 cents for the entire day. People were literally earning money by spending electricity. Some were running electric heaters outside in the middle of the winter.

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[–] DrunkenPirate 3 points 3 months ago

And when the sun and wind aren't active?

That is a serious issue. Under the hood the power grid is being reengineered to solve it. Lot of battery storages, pump lakes, and may be hydrogen conversion. Still this is an open issue. I love to follow the discussion in blogs and podcasts.