326
European electricity prices tumble into negative territory amid glut of green energy
(markets.businessinsider.com)
this post was submitted on 20 Jul 2023
326 points (99.4% liked)
Green Energy
2206 readers
124 users here now
Everything about energy production and storage.
Related communities:
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
From what I've heard the futures are already bought by the energy companies so real time changes won't funnel down. Like everything, once they have us all paying exorbitant prices they are not going to go back unless the government steps in.
My last bi monthly bill for electricity alone was €270...
But dynamic pricing would save energy companies money, as we could shift our energy consumption to when it costs less. That allows the energy companies to effectively sell more of their energy. I believe some places already do hourly dynamic billing. I'm sure there's a markup over the industrial scale cost, but dynamic pricing would be better for both parties if people know and are able to shift habits accordingly.