zlacker

>>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.

>>topper+Ua
Negative prices make storage very practical

>>paulsu+wb
Unfortunately you've got a massive term mismatch. You have negative prices today, but a lot of reason to believe that by the time you could bring your storage online the problem will already have resolved itself.

Oil briefly went negative a few years ago. If you decided to build a storage business dependent on negative oil prices for profit, you might just be coming online around now, and very much poorer than you were before. (Of course you would in fact have stopped a long time ago.)

>>jerf+rg
The reason why the prices are negative is that renewables have become cheap to install, but don't come with an off switch.

There is good news though. With electric car sales slowing down (at least in the west) there is a surplus of batteries on the market, which makes grid storage projects more affordable. The incentives are currently pushing us towards decarbonizing our electric infrastructure faster and that is wonderful. As long as the politicians don't do anything dumb like slap huge tariffs on solar cells or something we should be making some real progress towards a green future.

>>jandre+am
> but don't come with an off switch

But they do. Often literally.

Negative prices usually happen because of laws requiring minimum utilization, or subsides, or because they are so small and rare that it is not worth having someone on place to turn the switch.

>>marcos+Ho
If you want to be pedantic yes. But its not like grid operators back in the control rooms are disconnecting solar farms because the grid is oversaturated. They instead tell the fossil fuel plants to reduce their burn rate. They have to work around the instability from the renewables. That's why grid scale storage is such a key component of the future energy economy.

>>jandre+fp
> But its not like grid operators back in the control rooms are disconnecting solar farms because the grid is oversaturated.

In Australia, this has been happening for some time - plants are literally having their output dialled back (or even being disconnected entirely) during peak times by the market operator.

[1] https://www.abc.net.au/news/2021-10-23/solar-farm-overload-h... [2] https://reneweconomy.com.au/aemo-slashes-output-of-five-big-...