Since, and unless electricity has properties I’m not aware of, it’s not possible for electric power plants to produce only and EXACTLY the amount of electricity being drawn at an given time, and not having enough electricity for everyone is a VERY bad thing, I’m assuming the power plants produce enough electricity to meet a predicted average need plus a little extra margin. So, if this understanding is correct, where does that little extra margin go? And what kind of margin are we talking about?
In: Engineering
The price of electricity goes down, if producers cannot stop (eg solar), they ask for lower prices to try and push those that can turn off out of the market.
In the UK today this led real-time energy prices to be negative as it has been very sunny and windy on a Sunday(which was passed onto customers with certain tariffs).
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