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A comment on Wind and solar are cheaper than thought, admits UK government. Parent comment

Re:Wind and solar are cheaper than thought, admits UK govern... by ed25519FUUU on Thursday August 27, 2020 @03:32PM (#24297672)
> In Germany, lots of electricity is produced from renewables at times when it’s not needed. This causes market prices to be negative at times and Germany is paying neighboring countries money to buy that excess electricity.

The problem is that people cannot access these wholesale spot markets, only wholesalers. The consumer prices are usually set at like 11c kWh. If companies were given a chance to purchase electricity in a spot market, there would probably be some interesting business use-cases built around it, such as opportunistic bitcoin mining or battery arbitraging.

[ Parent | on HN ]
Re:Wind and solar are cheaper than thought, admits UK govern... by ClumsyPilot on Thursday August 27, 2020 @03:46PM (#24297820)
We have companies in UK, like octopus energy, that allow you to purchase energy at hour-by-hour near-market-rates
[ Parent | on HN ]