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Thanks to greener sources of energy that include wind and solar, power prices in Germany are going negative at times, allowing consumers to profit by using power from the grid. This benefit emerged again over Christmas, as idle offices and weather suitable to wind power drove prices below zero.
In one recent example, power prices spent 31 hours below zero during the last weekend of October. At one point, they dipped as low as minus $98, per megawatt-hour, a wholesale measure. In other words, anyone who was able to hook up for a large blast of electricity at that time was paid $98 per unit for the trouble.
In one recent example, power prices spent 31 hours below zero during the last weekend of October. At one point, they dipped as low as minus $98, per megawatt-hour, a wholesale measure. In other words, anyone who was able to hook up for a large blast of electricity at that time was paid $98 per unit for the trouble.