Monday, 30 October 2017

Germany is producing so much renewable energy it's driving electricity prices below zero

Germany is producing so much renewable energy it's driving electricity prices below zero

German power producers are poised to pay customers to use electricity this weekend. Wind generation is forecast to climb to a record on Sunday, creating more output than needed and driving electricity prices below zero, broker data compiled by Bloomberg show. It would be the first time this year that the average price for a whole day is negative, not just for specific hours.

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