Negative electricity prices can make more economic sense than switching wind turbines off
Peter Brogden/Alamy
The huge growth in renewable energy across Europe means electricity plants are generating more power than is needed, forcing them to pay energy firms to discharge it – effectively, selling at a negative price. On the face of it, this might seem like a good thing for cash-strapped households, but negative prices don’t necessarily bring down people’s electricity bills, and can also bring a host of downsides, including disrupting the business case for building more renewables.
The price of power is largely determined by the “day-ahead”…
Felecia Phillips Ollie DD (h.c.) is the inspiring leader and founder of The Equality Network LLC (TEN). With a background in coaching, travel, and a career in news, Felecia brings a unique perspective to promoting diversity and inclusion. Holding a Bachelor’s Degree in English/Communications, she is passionate about creating a more inclusive future. From graduating from Mississippi Valley State University to leading initiatives like the Washington State Department of Ecology’s Equal Employment Opportunity Program, Felecia is dedicated to making a positive impact. Join her journey on our blog as she shares insights and leads the charge for equity through The Equality Network.
