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posted by Fnord666 on Wednesday January 03 2018, @07:01AM   Printer-friendly
from the making-money-from-home dept.

Submitted via IRC for Bytram

Germany has spent $200 billion over the past two decades to promote cleaner sources of electricity. That enormous investment is now having an unexpected impact — consumers are now actually paid to use power on occasion, as was the case over the weekend.

Power prices plunged below zero for much of Sunday and the early hours of Christmas Day on the EPEX Spot, a large European power trading exchange, the result of low demand, unseasonably warm weather and strong breezes that provided an abundance of wind power on the grid.

Such "negative prices" are not the norm in Germany, but they are far from rare, thanks to the country's effort to encourage investment in greener forms of power generation. Prices for electricity in Germany have dipped below zero — meaning customers are being paid to consume power — more than 100 times this year alone, according to EPEX Spot.

Source: https://www.nytimes.com/2017/12/25/business/energy-environment/germany-electricity-negative-prices.html


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  • (Score: 0) by Anonymous Coward on Wednesday January 03 2018, @07:52AM

    by Anonymous Coward on Wednesday January 03 2018, @07:52AM (#617094)

    Also ignores that people with money will simply build there own free( except for basic maintenance) as google and facefuck are doing, only capital will benefit from new and innovative tech, sure this is the opposite of what was envisioned, but how else are you going to pay for you 2400 a month 100 sq ft apartment in Winnipeg?