Re:Power Prices Go Negative in Germany
by westurner on Wednesday December 27, 2017 @11:36AM
(#16015772)
"Several countries in Europe have experienced negative power prices, including Belgium, Britain, France, the Netherlands and Switzerland."
> Yes, as does most media - especially in Germany. Those negative prices are no win for any german. Why else is it, that we will soon pay the highest prices for electricity in the world?
AFAIU, it's because you're aggressively shaping the energy market in order to reduce health and environmental costs now.
The technical issue here is that batteries are not good enough yet; and [hemp] supercapacitors are not yet at the volume needed to lower the costs. So, maintaining a high price for energy keeps the market competitive for renewables which have positive negative externalities.
It's not only very high, but the second highest in the world, and we are about to take over the first spot [1]
> The problem is, unsurprisingly, regulation and policy, i.e. the fees you already mentioned, and the subsidies for industrial usage, etc.
The problem are the subsidies for all the green energy. It's not only the direct costs but also the costs for grid interventions (turning on/off capacity), paying for renewables even if they are not producing because there is too much energy available, the huge requirements for new energy lanes from north to south, getting rid of nuclear power etc.
Subsidies for industrial usage is often quoted as increasing the costs by interested parties, but it's also a direct need of the Energiewende, because the economic damage would be gigantic. Unless you want to get the energy intensive factories out of your country, you have to factor in those costs.
> So, yes, it actually seems that the NYT is misleading here.
Yes, as does most media - especially in Germany. Those negative prices are no win for any german. Why else is it, that we will soon pay the highest prices for electricity in the world?
[1] http://www.sueddeutsche.de/wirtschaft/energiekosten-in-oecd-...