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this post was submitted on 27 Jun 2024
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Please understand that negative prices are the market for electricity breaking down! That is not a good thing. It should mean that if you have solar panels on your roof you have to pay to participate in the national grid because you are dumping energy into the grid when it can't use it, but special rules have been made for renewable plants. Literally, imagine a contract-to-supply for wind or solar...
I understand very well the implications of the negative price, which is why I advocated NOT to spend trillions in nuclear, when issues of balancing demand and production can be solved for a fraction of what nuclear costs.