Negative electricity prices recharge the boom in batteries
The drop in solar costs is generating so many surpluses that the wholesale value of energy is falling below zero in California or Spain
Solar power has become the cheapest form of electricity production, with its price continuing to decrease. As a result, the world is building solar plants as quickly as possible, leading to increased volatility in energy prices. In many markets, so much solar power is being produced that prices are frequently becoming negative. This phenomenon is driving the accelerated deployment of batteries.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
