322
European electricity prices tumble into negative territory amid glut of green energy
(markets.businessinsider.com)
this post was submitted on 20 Jul 2023
322 points (98.8% liked)
Green Energy
2125 readers
70 users here now
everything about energy production
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Negative prices mean the power companies start issuing orders to ramp down production and/or increase consumption. Residential users are generally not involved in all this because there's not much they can do to help. It's mostly between the power companies and large industrial plants that use more power in an afternoon than your home does in a year.