GERMANY SOLAR SURPLUS: CONSUMERS PAID TO USE ENERGY
Germany's solar boom has driven energy prices down 87%, plunging them into the negative.
Excess solar energy outpaced demand, with prices dropping to €9.10 per megawatt-hour during the day, compared to €70.60 when the Sun isn't shining.
Consumers are even being paid to use electricity, creating a surreal "Alice in Wonderland" market.
The drop, though beneficial for consumers, hampers solar expansion efforts and highlights inefficiencies as peak usage occurs when the Sun isn't shining.
A long-term fix? More energy storage solutions to harness this solar surplus.
Germany's solar boom has driven energy prices down 87%, plunging them into the negative.
Excess solar energy outpaced demand, with prices dropping to €9.10 per megawatt-hour during the day, compared to €70.60 when the Sun isn't shining.
Consumers are even being paid to use electricity, creating a surreal "Alice in Wonderland" market.
The drop, though beneficial for consumers, hampers solar expansion efforts and highlights inefficiencies as peak usage occurs when the Sun isn't shining.
A long-term fix? More energy storage solutions to harness this solar surplus.
๐ฉ๐ช GERMANY SOLAR SURPLUS: CONSUMERS PAID TO USE ENERGY
Germany's solar boom has driven energy prices down 87%, plunging them into the negative.
Excess solar energy outpaced demand, with prices dropping to €9.10 per megawatt-hour during the day, compared to €70.60 when the Sun isn't shining.
Consumers are even being paid to use electricity, creating a surreal "Alice in Wonderland" market.
The drop, though beneficial for consumers, hampers solar expansion efforts and highlights inefficiencies as peak usage occurs when the Sun isn't shining.
A long-term fix? More energy storage solutions to harness this solar surplus.


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