Europe faces an unusual problem: ultra-cheap energy

    29
    0
    Europe faces an unusual problem: ultra-cheap energy


    Owing to the rapid spread of solar power, Spanish energy is increasingly cheap. Between 11am and 7pm, the sunniest hours in a sunny country, prices often loiter near zero on wholesale markets (see chart). Even in Germany, which by no reasonable definition is a sunny country, but which has plenty of wind, wholesale prices were negative in 301 of the 8,760 tradable hours last year.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here