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Businesses Power The Almighty Buck United Kingdom

It's Been So Windy in Europe That Electricity Prices Have Turned Negative (vice.com) 217

An anonymous reader writes: It's been very windy across Europe this week. So much so, in fact, that the high wind load on onshore and offshore wind turbines across much of the continent has helped set new wind power records. For starters, renewables generated more than half of Britain's energy demand on Wednesday -- for the first time ever. In fact, with offshore wind supplying 10 percent of the total demand, energy prices were knocked into the negative for the longest period on record. The UK is home to the world's biggest wind farm, and the largest wind turbines, so it's no surprise that this was an important factor in the country's energy mix. "Negative prices aren't frequently observed," Joel Meggelaars, who works at renewable energy trade body WindEurope, told Motherboard over the phone. "It means a high supply and low demand."
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It's Been So Windy in Europe That Electricity Prices Have Turned Negative

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  • by by (1706743) ( 1706744 ) on Thursday June 08, 2017 @03:54PM (#54580045)
    ...electricity pays you!

    Am I doing this right?
    • Yes, you're doing this left!
    • by brad3378 ( 155304 ) on Thursday June 08, 2017 @04:46PM (#54580461)

      I wonder if it would be cost effective for utility companies to get into the cryptocurrency mining business? Surely it would help avoid situations like this where they actually lose money (temporarily) by adding green power to the grid.

      If they had 40 foot shipping containers filled with cryptocurrency mining computers that could be moved around by truck and plugged into the grid as needed, it might help offset costs. Obviously it would be smarter to use electric car fleets to absorb the extra capacity, but maybe this would help too?

      Even if it only helped to make bitcoin mining less cost effective in coal powered regions of the grid, it might still be worth doing.
       

      • by tsqr ( 808554 )

        I wonder if it would be cost effective for utility companies to get into the cryptocurrency mining business?

        Wonder no more. This "record longest continuous negative power prices" lasted for a mind-boggling five hours. [argusmedia.com] How much cryptocurrency can be mined in five hours?

        • by Altus ( 1034 )

          How big is your server farm?

          • by tsqr ( 808554 )

            According to the poster who floated this idea, it's the size of a 40 foot shipping container.

        • by AmiMoJo ( 196126 )

          5 hours now, but it's only going to get better as time goes on.

          With renewables you want enough to cover you at all times, which means that much of the time you will have an excess.

      • Skipping modding this just to point out how fucking retarded trying to get into mining now is.

      • I wonder if it would be cost effective for utility companies to get into the cryptocurrency mining business? Surely it would help avoid situations like this where they actually lose money (temporarily) by adding green power to the grid.

        If they had 40 foot shipping containers filled with cryptocurrency mining computers that could be moved around by truck and plugged into the grid as needed, it might help offset costs. Obviously it would be smarter to use electric car fleets to absorb the extra capacity, but maybe this would help too?

        Even if it only helped to make bitcoin mining less cost effective in coal powered regions of the grid, it might still be worth doing.

        There are electric "big rigs".

      • by JSG ( 82708 )

        "I wonder if it would be cost effective for utility companies to get into the cryptocurrency mining business?"

        I like your thinking here but mining turns energy into money which is sort of contra to the ideals of employing renewables in the first place. That said it could be a useful additional sink for energy, given that the generating companies have shareholders and expensive boards to maintain.

        Incidentally, I thought the whole idea of the grid was to not need to move things around - you *ahem* "simply"

        • I like your thinking here but mining turns energy into money which is sort of contra to the ideals of employing renewables in the first place.

          Whoever told you that? The goal of renewable energy (as a tech) is to have energy that won't run out (and green energy, energy that wont harm planet)

          Also they were turning energy into a debt (negative prices). So for the power company it would be better to turn it into nothing, and better again to turn it into money (that could be used for further investment)

          But for consumers it would have been great.

      • Or you can just install Tesla's Powerpack (https://www.nytimes.com/2017/01/30/business/energy-environment/battery-storage-tesla-california.html?_r=0) store the electricity and sell it off later.
  • Negative prices for energy are a pure fiction. If this were actually the case, the utility would pay you to use electricity. The reality here is that there are government subsidies or other government interference that is artificially distorting the market and that offset, minus the reduction in cost due to a glut in supply, may have netted a negative price for electricity temporarily. But all those wind turbines and other "green" systems are not free, thus if you have:

    Some cost for green systems/total e

    • by beelsebob ( 529313 ) on Thursday June 08, 2017 @04:00PM (#54580095)

      No, this really is talking about negative energy prices. The suppliers are paying people to use electricity in order to keep the grid voltage stable, since production has to match demand.

      Really this is a symptom of not having enough energy storage on the grid. They were generating so much energy that they could no longer store it, and needed to pay someone to burn the energy off.

      • by JcMorin ( 930466 )
        Can they just turn off some turbines? It feels odd for me to have to PAY someone to burn electricity...
        • Re: (Score:2, Interesting)

          by Anonymous Coward

          Sure. But then you need to pay a LOT more to turn the turbines back on when the wind eventually dies down.

        • Can they just turn off some turbines?

          Actually, no, they can't, and that's the crux of the matter. Fossil fuel or nuclear turbines take a fairly long, involved process to spin up or down. And they feathering windmills can take a while depending on the windmill type and most place have laws that they have to turn off the "dirty" power first.

          • Can they just turn off some turbines?

            Actually, no, they can't, and that's the crux of the matter. Fossil fuel or nuclear turbines take a fairly long, involved process to spin up or down. And they feathering windmills can take a while depending on the windmill type and most place have laws that they have to turn off the "dirty" power first.

            Actually windmills are easy to turn off. They have a free-wheel position. This is needed during storms because they otherwise produce too much power and burn out their powerlines.

            • Can they just turn off some turbines?

              Actually, no, they can't, and that's the crux of the matter. Fossil fuel or nuclear turbines take a fairly long, involved process to spin up or down. And they feathering windmills can take a while depending on the windmill type and most place have laws that they have to turn off the "dirty" power first.

              Actually windmills are easy to turn off. They have a free-wheel position. This is needed during storms because they otherwise produce too much power and burn out their powerlines.

              Correction: During storms they are locked to also avoid them tearing themselves apart. Still it is a switch all windmills need.

        • by rtb61 ( 674572 )

          It makes much more sense to get people to install batteries on their homes, with their home running of battery and mains and the grid supplier able to balance load by charging or drawing current from those batteries. The system would have to be designed to be able to run the house at normal maximum demand for say twenty four hours and then electrical companies can dump energy into those batteries. Dependent upon whether the consumer buys, leases or rents as part of the energy supply, affects how much they a

      • But is it negative price for the end user, or some negative prices among the grid that only big power companies can use when exchanging electricity between themselves?

        • Negative prices for 'users' that have either contracts coupled to the european energy exchange (EEX) or whomcan nuy directly at the EEX.
          In other words: ordinary households still pay the house hold contract price.

      • Re: (Score:3, Insightful)

        The suppliers should invest in Bitcoin mining rigs.

      • by Ichijo ( 607641 )

        Really this is a symptom of not having enough energy storage on the grid.

        Or not enough demand response. [wikipedia.org]

      • by JSG ( 82708 )

        "The suppliers are paying people to use electricity in order to keep the grid voltage stable"

        Your point is correct but I think you mean "generators". Generator's customers are "suppliers" (which can be the same group/organization) and the supplier's customers are "consumers" - which is you and me etc. Those are probably not industry terms but in essence the wholesale price from some power generators went negative for a while.

        I can promise you my 'leccy bills did not go negative for a few hours this week 8

    • by jhoger ( 519683 )

      Cost is always a factor, but what do you call a renewable system that does better than "break even" which is what viable renewable energy does?

      It's not net cost.

    • Exactly. Spot prices don't reflect real cost, average prices over time do correlate.

      Regardless, this headline makes it out to be a good thing. Wild market volatility and negative pricing are symptoms of underlying problems, not good things.
    • If this were actually the case, the utility would pay you to use electricity.
      That is actually what the "utilities" are doing.
      http://www.eex.com/ [eex.com]

  • by LeadGeek ( 3018497 ) on Thursday June 08, 2017 @03:59PM (#54580085)
    When there is a surplus of renewable power in search of a load, perhaps plants should be brought on-line that draw in atmospheric carbon dioxide and split it into solid carbon and oxygen. The carbon could then be sequestered by burying into empty coal mines. Maybe someday we'll refill all coal mines with atmospheric (really oceanic) carbon and vow never to do that again.

    My $0.02 anyway...

    • by beelsebob ( 529313 ) on Thursday June 08, 2017 @04:02PM (#54580113)

      Better yet, have "plants" brought online to do something useful, like pump that energy into batteries, pump water high up a hill, pump gas into high pressure chambers, pull trains up hills, etc, so that the energy can be used later when the pendulum swings the other way.

      • by martinX ( 672498 )

        This is /. doncha know. Stop making sensible suggestions.

    • I was thinking that negative prices were a nice way to encourage people to invest in home batteries (Powerwall). With a big battery one can better exploit peak pricing (or in this case spot pricing). However, your idea is better/complimentary.

      The real issue is what is a good way to deal with variable generated power. You either need to waste it, store it, or use it. Seems like a good business opportunity to come up with some clever ways to use it as it becomes available. Is this the kind of stuff E

    • by theCoder ( 23772 )

      This isn't a new idea at all. I actually own several plants that are powered by renewable sources that turn atmospheric carbon dioxide into solid carbon and oxygen. They work great and are completely off-grid! The only downside is that every so often I have to collect the solid carbon and put it on the curb to be taken to the local sequestration area or the homeowner's association will complain about my bushes and trees needing trimming.

  • by DontBeAMoran ( 4843879 ) on Thursday June 08, 2017 @04:01PM (#54580105)

    This reminds me of the time I went to buy cinder blocks at Home Depot. The guy told me the more I bought, the cheaper they are. So I told him to load them up on my trailer until they're free.

  • by by (1706743) ( 1706744 ) on Thursday June 08, 2017 @04:03PM (#54580117)
    Small Scottish isle [bbc.com] with its own power grid, which often has the same problem of excess generation:

    Then there are days, usually in winter, when the island has the opposite problem: it creates more energy than it can use or store. Just as Eigg Electric has to manage its deficiencies itself, it has to manage its surpluses. Fortunately, it has a system for that too: when there is a surplus of power, electric heaters in the community hall, pier lobby and two churches automatically turn on. This keeps these shared spaces warm all through the winter and requires “virtually no central heating in the system at all,” says Booth. “We don’t charge for it because the whole community benefits.”

    • by Kjella ( 173770 )

      I wouldn't be surprised that if the share of unreliable renewable energy, smart meters and electric vehicles goes up you can "donate" storage capacity to the power company in exchange for free charging. Say you charge your Tesla to say 50% minimum for your short daily commute, but if and only if it's free it'll go up to 90% automatically. Or on request, of course. Even if it's only a few kWh each multiplied by thousands of cars it's many megawatts. You might also see a slight increase in demand as people ta

      • Which means we may finally get this sort of conversation:

        Person 1: Wow, it must be really windy.
        Person 2: How can you tell?
        Person 1: Well I just burned my ass on the heated toilet seat.

        ;)
  • Explanation (Score:5, Informative)

    by b0bby ( 201198 ) on Thursday June 08, 2017 @04:03PM (#54580119)

    Before too many people jump in blaming this on subsidies, they should read this:
    https://www.cleanenergywire.or... [cleanenergywire.org]
    My understanding is that basically if you have energy sources which can't be quickly or cheaply shut down, and supply exceeds demand, the price can turn negative so that the grid can dump the excess power.

    • And just how much time does it take to feather a wind mill? Surely that should be nearly instantaneous, like an airplane propeller? Or do they have to send out a technician to climb up and turn a big wheel to feather the vanes?

      • Re: (Score:3, Insightful)

        by Anonymous Coward

        Depending on make and model it takes seconds to minutes. Modern wind plants can be turned off or down to a set percentage or to a set ceiling almost instantaneously.
        The energy price turning negative "enough" causes this to be set in motion, albeit not completely automatically (somebody usually decides looking at day-ahead market prices for which quarter-hours a specific turbine should be turned off or throttled). It could be automated, but right now there is really no need to and it might make the system mo

      • by Waffle Iron ( 339739 ) on Thursday June 08, 2017 @05:50PM (#54580871)

        And just how much time does it take to feather a wind mill? Surely that should be nearly instantaneous, like an airplane propeller? Or do they have to send out a technician to climb up and turn a big wheel to feather the vanes?

        They have to send a guy in a red shirt up an access tube so that he can reverse the polarity. There are usually plenty of sparks involved.

    • This doesn't make a ton of sense though... nobody 'knows' that the price is negative and elects to waste it.
      • Everybody who is interested in stuff like this and has the hardware (smartmeters?) knows that the price is negative: http://eex.com/ [eex.com]
        Companies interested are:
        o other power companies, that buy it and distribute it over europe
        o companies like aluminium mills
        o or cooled storage houses
        etc.

        Ofc. unless you have a smartmeter normal households can not participate

  • Minor nit (Score:5, Informative)

    by Zocalo ( 252965 ) on Thursday June 08, 2017 @04:03PM (#54580121) Homepage
    Slight correction, but the UK isn't home to the world's largest windfarm - that's actually Gansu in China [wikipedia.org] - but it is home to no less than six of the world's largest off-shore farms, including the largest of those, The London Array [wikipedia.org].
  • How many birds were harmed in the making of this energy and did the producers of this clean energy face the same kinds of fines an oil or coal company would have for killing the same amount of wildlife? That would certainly offset any negative energy prices.
  • by vell0cet ( 1055494 ) on Thursday June 08, 2017 @04:26PM (#54580313)
    If only the electrical grid had some capacitance. I feel like Tesla's power wall is a really good way to start that. Not storage on the grid, but a good start.
    • It would not affect the price at the slightest.
      It only would change 'buys' the power for a negative price :)

    • We don't know, because the cats, foxes and sharks ate their corpses.
      But it was certainly less than those who die to air pollution and other man made poisons.
      Thanx for your concerns, though.

  • time to mine bitcoin free power makes it good for profit

  • This is written up as if it's a great thing but in reality this is a symptom of the problematic non-load tracking nature of wind and solar. Adding more storage is a bandaid. Bandages tend to work, but the underlying issue remains.
    • by Sique ( 173459 )
      About any way to generate electricity is non-load tracking, with the exception of gas turbines and (within some limitations) hydro. So this is a non-issue, or an all-issue and not specific to wind and solar. At least wind and solar somewhat track load, because they produce more electricity during day hours than during the night.
  • "The trees are really sneezing today" - Calvin
  • Electricity prices have gone negative?

    Not to worry, once they switch to "clean coal" that'll all be fixed.

    In fact, maybe they could just run the wind turbines on coal and then there will be plenty of jobs for every coal miner in Europe!

  • by PopeRatzo ( 965947 ) on Thursday June 08, 2017 @05:01PM (#54580569) Journal

    Only on Slashdot will you find people who will tell you that renewable energy is a far-fetched fantasy, but ubiquitous driverless cars are just around the corner. Oh, and we're totally going to Mars.

  • by MindPrison ( 864299 ) on Thursday June 08, 2017 @05:14PM (#54580651) Journal

    Not the actual electricity itself. The Electricity has been rock bottom cheap here in Sweden for YEARS now.

    But the EL-companys lobbyists have successfully lobbied away the roof on network/electricity transportation fee's, so there is no longer any roof on that.

    This means the EL-Companies are working together to charge SKY high prices for transportation of the electricity, it's technically a fee they take to repair and maintain the network, but it's also an obligatory fee to be connected to them, it's insanely high, and they just yet again warned us of much higher prices.

    In fact, our network prices are so crazy high that we pay roughly 40 cents per KWH just for transportation AND taxes on transportation. Yes, that's nearly half a dollar per KWH!

    So all the sensationalist BS about negative EL-prices is just headline clickbait, it has no real life implication for any citizen.

  • So, this is the problem isn't it? Certain renewables "spiky" and without some sort of energy storage, the energy is effectively wasted. Lots of people like to say that excess energy can be stored in batteries, but really, those batteries are a pretty non-sustainable solution themselves.

    This is why power companies just need to start using excess energy to split water and either store the hydrogen for use in a HFC power plant as needed or sell it for use in HFC vehicles.

    It's so easy, Cal State LA is d
  • Thanks for making it so windy so we can run our cheap wind turbines.

  • not on my monthly bill...

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