Reported 4 months ago
The article discusses the occurrence of negative electricity prices in European power markets due to an oversupply of renewable energy from solar and wind sources, leading to concerns among investors about the feasibility of further investments in renewable capacity. The phenomenon, which also extends to Australia and California, is attributed to the building of more solar and wind farms that can discourage additional investments, creating power price cannibalization. The solution proposed involves building more energy storage systems to manage excess electricity and stabilize prices.
Source: YAHOO