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Germany Has Free Electricity (for 2 hours!)

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Joined: 20 Mar 2006
Posts: 1273
Location: Kent (East Hill), WA

PostPosted: Mon Apr 16, 2012 10:54 pm    Post subject: Germany Has Free Electricity (for 2 hours!) Reply with quote

Because of their renewable solar grid (which uses hydrogen for storage, and also has wind) Germany is now offering offpeak rates at peak times! This change has occurred just over the past 4 years.

According to the European Electricity Index (ELIX) the cost of electricity on April 1, 2012, dropped to $-0.01, meaning that, for approximately two hours, electricity was free. This was a product of the German alternative energy system that has become more mature in recent months. This system is comprised of solar, wind and hydrogen fuel systems that provide electricity to homes and businesses throughout the country. The country’s solar and wind industries were noted as being major contributors to the drop in the price of electricity seen this month.

Renewable power cuts into baseload in Germany

Over the weekend, German power producers were paying people to buy their electricity for a short time as baseload power was pushed back. It is a sign of things to come.
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