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In Germany, electricity prices dipping below zero

New York Times 25th Dec 2017, Germany has spent $200 billion over the past two decades to promote cleaner
sources of electricity. That enormous investment is now having an unexpected impact — consumers are now actually paid to use power on occasion, as was the case over the weekend.

Power prices plunged below zero for much of Sunday and the early hours of Christmas Day on the EPEX Spot, a
large European power trading exchange, the result of low demand, unseasonably warm weather and strong breezes that provided an abundance of wind power on the grid.

Such “negative prices” are not the norm in Germany, but they are far from rare, thanks to the country’s effort to
encourage investment in greener forms of power generation. Prices for electricity in Germany have dipped below zero — meaning customers are being paid to consume power — more than 100 times this year alone, according to EPEX Spot.
https://www.nytimes.com/2017/12/25/business/energy-environment/germany-electricity-negative-prices.html

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December 27, 2017 - Posted by | business and costs, Germany

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