Wind energy pulls German electricity price to negative

Jan 05, 2018, 7:25 AM EST
(Source: Daxis/flickr)
(Source: Daxis/flickr)

Renewables, which produce power according to season and not demand, could be a handful of headache at times, and Germany knows this better than any other European nation.

On Christmas Eve, the country’s power trading exchange EPEX Spot was forced to pay consumers to use surplus electricity produced by renewables, given the insufficient storage capacity on the electrical grid, writes Green Matters.

The imbalance in demand and supply isn’t a rare phenomenon in Germany, which has pumped in about $200 billion in renewable power over the last two decades, notes Business Insider. Upgrading the storage technology to match the efficiency of renewable sources at peak hours is key to avoid negative-pricing situation.