Here in the Netherlands we have some energy companies offering dynamic tariffs. Basically it means that the price is high when the demand is high, and on contrary, the price is low when the demand is low. When the energy supply is greater than the demand the prices can become negative, I.e. -0.05 ct per Kwm
And the negative price is what amazes me. It means you earn money by using electricity. So in theory I can built a giant hamster wheel which will be powered by electricity only when the price is negative, and it will make profit. Free money for doing nothing
Does anybody knows how negative energy prices work?
In: 3
If you’ve got more of something than you know what to do with, you may pay someone else to take it away.
Say you’re the power provider and demand has dropped, for reasons. You’d like to shut down one of your generators but you know you’re going to need it in a few hours when demand picks back up, and restarting it isn’t as simple as flipping a switch.
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