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Free Power in Germany as Winds Push Generation to Record: Chart
Record Winds in Germany Spur Free Electricity at Weekend: Chart
07 Nov 2017, 12:28 PM IST
(Bloomberg) -- A stormy weekend led to free electricity in Germany as wind generation reached a record, forcing power producers to pay customers the most since Christmas 2012 to use electricity. Power prices turned negative as wind output reached 39,409 megawatts on Saturday, equivalent to the output of about 40 nuclear reactors. To keep the grid supply and demand in balance, negative prices encourage producers to either shut power stations or else pay consumers to take the extra electricity off the network.
To contact the reporter on this story: Jesper Starn in Stockholm at jstarn@bloomberg.net.
To contact the editors responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net, Andrew Reierson
©2017 Bloomberg L.P.
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