Wednesday, November 8, 2017

Australia's renewable power driving prices below zero at times

The utility industry is complicated. One challenge is when they make electricity it must be used. So if they make too much at one point during the day, they sell it to other communities that need it. Those prices are very volatile.

This article about Australia's penetration of renewable power caught my eye because it's driven these spot prices into negative territory, having to pay other utilities to take your power.

(Thanks, Marty Landa, for sharing this!)

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