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French Power Price Plunges Below Zero as Solar Swamps the Grid (www.bloomberg.com)

submitted 3 days ago by [email protected] to c/[email protected]

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cross-posted from: https://lemmy.world/post/27655861

cross-posted from: https://lemmy.world/post/27655856

Europe’s booming solar generation is overwhelming the region’s grids, sending power prices slumping far below zero.

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[–] [email protected] 2 points 3 days ago

This has been happening every spring for last 5 years, with California. This is the first time for France. It should also be happening in the same places in fall, but doesn't make the news as much.

This is power shoulder season where demand is lowest due to no heating/cooling demand. Europe has had a very warm winter/spring.

Expect news within a couple of weeks of Solar and battery records in California meeting record energy demand.

Batteries, or enough grid connected EVs, is the solution to monetizing high solar energy later on in the day.