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

submitted 1 month ago by Redditsux@lemmy.world to c/economy@lemmy.world

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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.

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[–] FurryMemesAccount@lemmy.blahaj.zone 2 points 1 month ago

Any grid will have an issue if you produce more than you use.

There are plenty of excellent reasons to criticize capitalism, but this isn't one of them...