April 11, 2012
By: Craig Morris
German power producers were paying people to buy their electricity
The price of power on the EPEX spot market on Sunday, April 1. / Source: EPEX
Renewable power cuts into baseload in Germany
Over the weekend, German power producers were paying people to buy their electricity for a short time as baseload power was pushed back. It is a sign of things to come.
A few weeks ago, Renewables International reported on how installed wind and solar power capacity in particular had already impacted prices on the power exchange. Usually, power is more expensive during the day, when demand is higher, than during the night, but because so much solar power is now produced during the day, the increase in solar power production outstrips the increase in power demand, thereby bringing down prices on the power exchange. In its newsletter yesterday, Germany's Photon magazine pointed out that the price of a megawatt-hour had dipped into the negative briefly on Sunday, reaching a price of -0.08 cents.
by Craig Morris | renewablesinternational.net [read more]