Power Prices Go Negative in Germany
This is a process systems issue more so than a market one. The inflexibility of traditional energy sources and unpredictability of renewable energy sources coupled with the inability to store energy conspire against the balance of supply and demand. When there’s too much energy suppliers can’t simply shut it off on a daily basis nor can they store is for excess use and so to deal with market forces they allow prices to go below zero which helps no one, especially not the consumer. What if we created more flexible energy distribution channels from energy stored and not generated daily? Is this possible?