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[return to "Electricity prices in France turn negative as renewable energy floods the grid"]
1. topper+Ua[view] [source] 2024-06-18 18:50:43
>>Capsta+(OP)
Isolated this is a zero sum game in favor of buyers (someone has ti take the electricity), but longer term, this shows there needs to be better greater electricity storage solutions available, i.e batteries or similar.
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2. paulsu+wb[view] [source] 2024-06-18 18:54:08
>>topper+Ua
Negative prices make storage very practical
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3. andrew+Gc[view] [source] 2024-06-18 19:00:47
>>paulsu+wb
And de-incentivizes supply. A real solution need to be available to balance the supply and demand of power such that the rates on both ends are predictable.

A market where a good fluctuates between profitable and not is not one very attractive to investment.

Playing the video game Victoria 3 has taught me a lot about healthy markets. You have to play both sides of supply and demand to get to the prices you need

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4. topper+Ee[view] [source] 2024-06-18 19:12:00
>>andrew+Gc
Negative prices do incentivize storage, because storage will alliw sellers to sell at a time with higher prices (i.e. when demand is greater relative to supply).
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5. thecos+Cg[view] [source] 2024-06-18 19:24:04
>>topper+Ee
I could see this then pushing more consumers to have their own batteries to store energy when it's inexpensive. Interesting market playing out with energy storage :-)
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