Power prices go negative thanks to renewables, page-56

  1. 12,213 Posts.
    lightbulb Created with Sketch. 244
    Acorn,
    I don't see a negative power price as a good thing. It is a sign of volatility in the market. It is unpredictable.
    In my view a healthy electricity market has a small amount of volatility.
    At the moment the market swings between -ve and the max "Vol".
    This is due to a large amount of unpredictable renewables and insufficient storage to soak up excess or cover shortfall.

    Hopefully the volatility will be reduced by increased storage capacity.

    bacci
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.