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From a grid stability point, you can’t produce more than is used, else you get higher frequencies and/or voltages until the automatics shut down. It’s already a somewhat frequent occurence in germany for the grid operator to shut down big solar plants during peak hours because they produce way more power than they can dump (because of low demand or the infrastructure limiting transfer to somewhere else)
Negative prices are the grid operator encouraging more demand so it can balance out the increased production.
Piggybacking on your grid stability point, another issue I don’t see getting addressed here is ramp rate.
If we install enough solar where 100% of our daytime load is served by solar, that’s great. But what about when the solar starts to drop off later in the day?
A/Cs are still running while the sun is setting, the outside air is still hot. People are also getting home from work, and turning on their A/Cs to cool off the house, flipping on their lights, turning on the oven, etc.
Most grids have their peak power usage after solar has completely dropped off.
The issue then becomes: how can we serve that load? And you could say “just turn on some gas-fired units, at least most of the day was 100% renewable.”
But some gas units take literal hours to turn on. And if you’re 100% renewable during the day, you can’t have those gas units already online.
Grid operators have to leave their gas units online, running as low as they can, while the sun is out. So that when the peak hits, they can ramp up their grid to peak output, without any help from solar.
There are definitely some interesting solutions to this problem, energy storage, load shifting, and energy efficiency, but these are still in development.
People expect the lights to turn on when they flip the switch, and wouldn’t be very happy if that wasn’t the case. Grid operators are unable to provide that currently without dispatchable units.
If we install enough solar where 100% of our daytime load is served by solar, that’s great. But what about when the solar starts to drop off later in the day?
Store the surprus of energy from the solar panels and use that as a buffer with batteries or gravity
But some gas units take literal hours to turn on. And if you’re 100% renewable during the day, you can’t have those gas units already online.
Why not? Just time it and start it hours before, wind energy could help in that too
Gravity energy storage doesn’t scale well. I’ve replied to other comments with more detail on this.
There are more feasible energy storage technologies out there, but these are super cutting edge and are not ready for grid-level deployment yet.
The future of grid level energy storage is almost certainly not going to be gravity based. At least not on a large scale.
You can’t have 100% of load be renewable/solar and have gas units online on top of that. That’s over generation. You have to match the supply exactly with the demand. If you mismatch, you destabilize the grid. Undersupply causes blackouts, oversupply melts power lines.
If a unit takes 10 hours to start, solar hours are from 6am to 6pm, and peak load is at 7pm with 0% solar; when do you recommend we start this unit? At the minimum, we’d have to order it on at 7am. Units have to run at a minimum load, let’s say 100MW for this unit. So now you can’t 100% solar from 7am to 6pm, you have to leave 100MW of room for this base loaded unit.
This doesn’t even factor in regulatory requirements like flex, spinning reserve, and other balancing and reliability requirements. Grids are required to have emergency units available at an instant to prevent mass destabilization if parts of the grid fail.
10hours to start oof, i though it was less, maybe individual batteries in house, like we have with water?, that wouldn’t be cheap for industry tho
To be fair 10 hours is either a pretty old or pretty massive unit. 2 hours might be a little more reflective of modern gas turbines. Especially combined cycles. But depending on how big the peak is, you need every available unit, both old and new.
Ultimately the issue is it’s very hard to meet that peak when all of your gas units have to go from 0 to 100% output. Much easier (and more reliable) to take them from 10% to 100%. Which is what grid operators do currently.
Yea an affordable battery in every home would be a slam dunk. This is kinda already happening with vehicle2grid (v2g) electric car protocols. But not everyone has an EV yet. And operators are still working out the kinks using this in the grid.
Plus the lithium batteries in cars have their own supply/recycling issues.
But the thing is, you CAN simply turn them off at the press of a button (or an automated script) so its really a complete non issue. As long as big solar installations control systems are accessible by the grid operators, it should be fine.
Literal free goddamn energy from the sky and these greedy fucks are going to burn the world down because they can’t flip it for a buck
This reminds me of a quote (that probably isn’t real) from Westinghouse to Tesla in regard to wireless energy transmission he was trying to create.
“This is wonderful, but where would we put the meter!?”
This is a real problem for renewables.
You don’t get paid when the sun shines, and you don’t get paid for when it does not.
You had to pay for building the solar panels and maintaining them. Corporate greed aside none sane would like their tax money either to be spent on producing electricity when it’s not needed.
Next step for renewables must be storage that is cheap enough for it to beat having fossil fuel on standby.
I feel like energy storage has been the challenge since I learned what a computer is, it really is the 3rd wheel of the cab
If you passively produce more energy than what you actually need, that excess energy can be stored. And even if the stored energy won’t be 100% efficient, it’s still passively produced and can offset the peak hours consumption as needed.
We have a lot of energy storage solutions l, let’s stop the fossi fuels subsidies and spend them on scaling power storage.
You have to build and maintain the storage.
Even if the electricity is free you’ll have to replace your battery once in a while and at current prices that is ludicrously expensive.
It’s cheaper to pay an already built fossil fuel plant to idle with spare capacity.
Give it a few years for battery technology and it may look different.
The problem is that the planet is burning right now, but we only talk in terms of profits.
Yeah the fossil fuels industry is “cheaper” because it has a shit ton of subsidies and does not include the environmental cost.
We have solutions that work right now that we could start to build and maintain while reducing/eliminating the most polluting sources of energy.
The solutions don’t have to be perfect, they have to be better. And if your only argument is money, then fuck off.
And if your only argument is money, then fuck off.
I agree with you on this sentiment, but it is still an obstacle we have to work around because a huge chunk of the world is going to make decisions based on money. But that’s what things like government subsidies are for.
It sounds like mummy still pays your bills. Troll grade: C-.
This is trollception I guess.
You don’t get paid when the sun shines
You get paid when people on your grid demand the electricity your plant produces. That’s true whether the electricity comes from the sun or fossilized trees.
Corporate greed aside none sane would like their tax money either to be spent on producing electricity when it’s not needed.
A/C usage peaks during the day and wanes at night. Laborers in virtually every field tend to work during daylight hours and sleep at night. We use more electricity when the sun is shining.
Even before you get into battery power, we have ample opportunity to grow solar inputs into the grid before we get to the point where its being wasted. At peak capacity, we’re using far more electricity than current renewables provide.
Batteries are a late stage solution to a marginal problem.
To be honest, at grid scale, I don’t see why the answer to this today isn’t that the government/energy companies just build a shit load of gravity batteries and use the basically free power times to build grid supply for when the sun’s gone down.
Paying billions for mega projects to save millions on cheap electricity makes no sense.
Napkin math gravity battery Last figures I found are from 2022 the costs storing 1GW 24 hours is $150 per installed kWh
My apartment has an estimated electricity consumption annually of 2000kWh, I’ll need to store half that for $150 per kWh in a structure that lasts 100 years without maintenance, then crumbles into dust and needs to be rebuilt. It would average out to $1500 per year.
My current electricity bill is about $600 per year.
I think your calculations are way off based on what I’ve just checked.
Firstly the average UK house (which is on average a fair bit smaller than American houses, for example), which typically doesn’t use AC and electric heating/cooking uses 2,700kWh (and around 10,000kWh of gas). I imagine that most other countries that don’t typically use gas and have AC, have a significantly higher average.
Secondly I’m seeing several sources saying <$0.20/kWh is what pumped hydro battery storage costs, which is roughly 2/3 of the price of grid electricity in my country.
Finally, we spend billions on power plants—why not power storage too? It’s necessary infrastructure spending whichever way you go about it.
I don’t live in the US either.
I think the actual value on my bill is 2300kwh. But we can use 2700.
I can’t find any source for $0.2/kWh. I used https://www.energy.gov/eere/analysis/2022-grid-energy-storage-technology-cost-and-performance-assessment and eyeballed the cheapest gravitational storage. PSH is still above $50. Well let’s assume $0.2 per kWh per year and that half of it can be stored it’s $270 per year in storage fee
My actual price for electricity is much lower than €600 per year, most of it is taxes and fees that does not get benefit from storage. Looking up the invoice from March i paid $0.07 per kWh, September was $0.01. Half of 2700 would be $95 using March price for the entire year.
We are spending billions, we must spend billions, but we have to spend them where it makes sense. Spending 270 to save 95 is insanity.
Wow your electricity prices are insanely cheap to me! I knew it was a bit more expensive here, but not by over 3x or even 30x based on your September estimate! We also have standing charges that amount to something like £250 a year even if you use no electricity whatsoever. My electricity & gas bill is over double yours for two people in a 2 bed house and we basically never use the heating. I think the economy of it makes sense with my situation but it definitely doesn’t for you
If you don’t mind me asking, where is it you live? Does your country have a lot of oil reserves or something?
North Scandinavia.
Most of the electricity here is hydroelectric that has been built many years ago so the power plants are paid off.
The price during summer is very low. In the winter especially the cold months is much higher with Dec-Feb being the peak.
The determining factor is still the capex for storing it. At $50 it makes no sense. At $0.2 it makes sense in some places. I don’t know which assumption is correct, I expect to be wrong in 50% of the cases when I argue on the internet.
My apartment has an estimated electricity consumption annually of 2000kWh, I’ll need to store half that
Your electricity usage isn’t equally distributed. You use more power during the day - primarily for cooling your house - than you do at night.
We also get a glut of wind power in the mornings and evenings, during big swings in temperature. Plenty of opportunity to harness cheap energy at the moment it is available.
And even after that, battery prices have been falling for years. Current EV batteries are $133/kWh with expectations of $100/kWh by next year and under $80/kWh by 2030.
That’s before we get into the benefits of High Voltage DC transmissions, which can move large volumes of electricity across regions with minimal loss. Peak production on one coast can offset higher than expected usage on another.
Current EV batteries are
And just like that you’ve shown that gravity batteries aren’t feasible.
Storage is going to be a big part of the solution going forward. But it’s going to be chemical batteries and thermal batteries, not gravity batteries.
Give it a few years and I’ve got my hopes up for batteries.
The calculations showed the absurdity in gravity storage today, not batteries in the future.
Gravity just isn’t a good store of energy relative to chemical and nuclear alternatives.
It’s a simple method for storing energy but not an efficient method. That’s why the human body uses ATP instead of a bunch of pebbles that get lifted to our heads and dropped to our perineum.
But hey, we’ll always have Dams. And tidal generators are gaining momentum. They’re basically gravity batteries.
With the situation in Ukraine, we really should spend on home scale storage for the resiliency against any disaster, even though it’s not as cost efficient
Corporate greed aside none sane would like their tax money either to be spent on producing electricity when it’s not needed.
You need to set the corporate greed aside in your own mind, too (not saying you’re greedy, saying you’ve been indoctrinated to only see life in capitalist terms). Stop thinking in “cost” or “profit”, start thinking in “benefit” and “use”. Producing electricity when it isn’t needed is only a problem when someone is looking to make money off of it.
Producing electricity when it isn’t being used is problematic for the grid. So is producing too little.
Producing electricity when it isn’t needed is only a problem when someone is looking to make money off of it.
I never said it should be. There are plenty of ways to regulate electricity production, storage, and even usage, they just aren’t considered “profitable” so are dismissed, overlooked, and or deliberately smeared and destroyed because they threaten those whose profits they would hurt.
Yes, but we already have many solutions ti store energy. Let’s spend the fossil fuel industry subsidies on scaling these storage method instead.
Changing the words does not change the meaning.
It’s valid to think in terms of cost IMO even when trying to drive the concept of profit out of the discussion. It’s just a matter of using limited resources in efficient way that leads to more benefit.
The cost units don’t need to be dollars or euros. It could be in tons of a natural resource or some other thing that’s more tangible than money. But as long as those resources are limited in some way, it would be great to get more MW or MWh for the same resources put in.
The sick corporate greed part affects which costs get ignored though, like the externalities. They think “sure I’m poisoning our food supply and killing people every day, but nobody takes money out of MY bank account because of it.”
Storage needs both supply and demand. Demand is easy. However storage would be even less likely without an excess of solar supply to feed it
So what they are saying is that our current financial system is too focused on short term gains to cope with short term losses?
Sigh, when I grew up, I was allways taught to save money so that I have a buffer to fall back on. This concept seems to have completely gone out the window for busniesses lately.
I dislike the talk about how capitalism is bad as a general concept, but when seeing stuff like this I do agree with it in parts.
Ok, so let’s solve the issue.
There is too much electricity, so generating power to transmit to the network will cost us money.
This has an easy solution, just don’t transmit it to the network.
Build a battery facility where you store the power instead, infact if the price of electricity is negative, use the power on the grid and charge your batteries as well, I mean, when the electricity cost is negative, you are being paid to consume power.
Then when the sun goes down, and the electricity price goes up, you sell the charge you have in the batteries.
Depending on your location you could even set up a pumped storage system, where instead of batteries getting charged, you use the cheap excess energy to pump a resarvoir full of water, and release it when you need the power.
Why are individuals expected to have an emergency fund yet corporations get money from the government?
This is exactly what we’re gonna see on a large scale in a few years.
a few years
Snowy Hydro cost overruns would like a word
This is idiotic. The fact is your electricity transmission system operator has to pay a lot of money to keep the grid stable at 50 or 60Hz or your electronics would fry. With wind and especially with solar power, the variable output is always pushing the frequency one way or the other, and that creates a great need for costly balancing services. Negative pricing is an example of such a balancing service. Sounds good, but for how long do you think your electricity company can keep on paying you to consume power?
Sure, but for all the times my electricity goes negative for half an hour, the monthly bill indicates that is vastly outweighed by all the times that it isn’t.
Just have few percent of spare capacity. If suddenly it will become too sunny, you can just disconnect solar cells. If not sunny enough, then connect them back.
Obviously I’m talking only about day - the only time when solar panel output can fluctuate.
With wind and especially with solar power, the variable output is always pushing the frequency one way or the other, and that creates a great need for costly balancing services.
Speaking as a flashlight enthusiast…there’s many different ways to get a constant and consistent current. Sure we’d need to scale it up from a pocket-sized device to a whole fucking power grid, but with a big enough driver with the right arrangement of capacitors and all that, you’d easily be able to get a totally consistent current out of wind or solar
Having knowledge in power electronics i can confidently say the DC output of solar is easily and regularly inverted in phase with grid. In fact, DC is often used for undersea cables switching AC to dc then back to AC, All at extremely high voltage and varying demand(up yo 600kV/600MW but varying by installation).
Wind turbines go online after the blades start spinning and connect to the grid in the same way as any other generator, controlled by internal electronics. Power is regulated through blade feathering and can be turned off as supply exceeds demand. This, other than for maintenance reasons, is why you might see one turbine spinning while the next is standing still. This capability actually means the grid is MORE stable with wind power.
Any further fluctuation is managed in the same way as conventional power generation.
Why isn’t this as easy as storing some of that excess energy in a home battery and letting the rest down in a wire into the ground? Then if it’s smart enough it could only give back energy when needed.
The easiest solution is to send the power somewhere else where it can offset the use of fossil fuels. This solution is fraught with political hurdles, subject to market forces (due to privatization) and often grid compatability issues(looking at you Texas). It is, however, a time tested and common method for mitigating excess production.
Well, that’s what they’re doing some places. The batteries assets are not in private homes usually though, they’re by themself or run by power-consuming industries. Batteries are expensive though, and they degrade quickly if you use them wrong. In the EU, ENTSO-E defines the market rules, trade systems and messaging systems that energy companies and asset owners play by. Sometimes the revenue-generating asset is a battery, sometimes it’s a hot water boiler, wind park, factory, hydro plant etc.
This whole thread has way too many people who see the price as some kind of made up number that dictates how people behave, rather than recognizing that the price is a signal about the availability of useful real-world resources.
Even if the prices were strictly mandated by a centrally planned tariff that kept the same price throughout the day, every day, we’d still have the engineering challenge of how to match the energy fed into the grid versus taken out of the grid.
The prices are just a reflection of that technical issue, so solving it still needs to be done.
pay a lot of money to keep the grid stable at 50 or 60Hz or your electronics would fry
Absolutely not. Please don’t make things up.
Amazing! Every word of what you just said is wrong.
Didn’t China have a community use lots of solar and they ended up with such a glut of excess power that they didn’t know what to do with it?
All communities should have that. Electricity should be free and it would be plausible to make it free. Except for maintenance costs, but that would be peanuts compared to what we pay now.
Would it really be peanuts? Solar panel manufacture isn’t exactly cheap, nor entirely sustainable (see, for instance, the black market for sand; and economics/politics over lithium mining). Solar panels also degrade; new technology replaces old and has to be paid for and made and installed; the infrastructure tying it all together isn’t free either…
I feel like solar power, for all its excellence, is not as simple as upgrade as my rts-/tycoon-/sim-gamer’s mind thinks it should be.
Upgrading is never simple or straightforward. But it is something we need to do otherwise we won’t have a planet to live on.
Agreed, but there’s a real cost involved and a real cost analysis to do. Like with the question of people upgrading to more efficient cars (and scrapping the old) or running the old for longer to minimise car manufacture.
The “problem” of negative energy costs is easy to solve, but quite costly.
Build water desalination/carbon capture and storage/hydrogen generation plants that only run when the price goes below 0; even though these are very energy intensive, they would help stabilize the grid.
Then build more solar; you want to try to have the daytime price stay in the negative as often as possible.
Build water desalination/carbon capture and storage/hydrogen generation plants that only run when the price goes below 0; even though these are very energy intensive, they would help stabilize the grid.
Basically opportunistic energy consumption.
you want to try to have the daytime price stay in the negative as often as possible.
That’s not exactly conducive towards people building more solar.
The solar isn’t the goal; the energy is enabling the value in other parts of the economy.
In fact; energy supply is so important to the reasonable functioning of the economy. It should be taken out of the profit driven cycle of business.
Look at what happened with WPI in Ohakune and PanPack when energy prices sky rocketed a few months back.
Even if our energy market wasn’t profit driven, we would still have a shortage of energy, and either we would be burning up fossil fuels at an astonishing rate and a huge loss, or a number of heavy power users would be shutting down.
Price is one way we have to control demand, but if we didn’t use it, we would need another system instead.
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Sounds like Communism to me. That system killed 100 gorillion people.
Dr Seuss made that??
Here’s 390 of his political cartoons:
https://calisphere.org/collections/26157/Edit: the one that was posted is from 2024-07-10
Or put the batteries in your home, charge it during the day on solar or whenever electricity is cheap, and use it whenever.
It can even be less dense batteries that you don’t need to put in cars.
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I was tempted by the outrageous electricity prices a year or two ago.
But then I swapped to Agile Octopus which pretty much halved my bills and made it not really worth doing. I work from home most of the time anyway, so my usage is spread over the day.
Yup that’s the free market , if someone can see a business case in operating a big battery by taking money to use the excess power and then again taking money to sell it back when needed everyone will be happy. Of course doing that will reduce the price difference
The real special bit is that this crap isn’t coming from, say Harvard, who one expects is all about business, but MIT which is supposed to be about Science and Engineering.
The media arm of MIT has been steaming garbage for years and constantly misrepresents the studies from their own researchers for clickbait.
But that aside, even though the engineering work out of MIT is solid, their economic opinions heavily reflect the fact that it’s an institution full of trust fund nepotism.
Well then there is another way of seeing this: there is an engineering/difficulty with such large power fluctuations that “drive electricity prices negative” because it implies a much more variable demand on existing power infrastructure.
You’re way better at this than the clowns in the MIT press department and you only tried for a few seconds. Which means the people who wrote the headline are either so stupid they can’t tie their own shoes, or they have a malicious agenda. I lean towards the latter.
The grid needs to balance input and output. You can’t just “throw away” power.
It’s a real problem — not the “electric companies are losing money” part, but the “we need to keep the grid balanced” part.
That can indeed be a problem.
It is however not what the MIT guys wrote as being the problem: they quite literally said the problem with too much solar generation at peak times is that it drives prices down.
Also, curiously, the prices being driven down actually helps with the real technical problem that you point out: those consumers who can move their consumption times will tend to move them to those hours when the prices are lowest thus helping solve it. Same thing goes for investors: the more the price is pushed down at peak solar production times, the more appealing it is to invest in things like storage or even solutions with lower efficiency (such as green hydrogen or electricity transportation cables to markets less well served by solar).
The low prices aren’t the problem from a technical point of view, quite the contrary: they’re an incentive to invest in solutions (which is going to employ a lot of techies, so supposedly MIT would be all in favor of it)
Before commenting, you should know there are 2 types of solar panels:
- the ones owned by people (which may or may not feed into the grid)
- the ones owned by corporations
The article is probably about the 2nd kind (if you can only sell energy when there is a surplus, your company will fail), while the twitter user makes it seem like the 1st kind was meant. We probably need to built more of both types. Identify what type the other commenters are talking about before getting in any arguments here.
Negative prices are an opportunity and people will take advantage. This would be the perfect time to change batteries, make hydrogen, send compressed air into an old mine or refill a dam
Call me stupid, but why don’t they just charge enough to cover costs and a bit of profit? The current pricing model is broken if you can’t run a solar plant profitably.
why don’t they just charge enough
Because who would pay 10 cents per kilowatt hour when there’s someone else who will pay someone to take that energy off their hands?
The problem is caused when the market clearing price is lower than the cost it took to produce it, and some of those costs are in the past.
It’s like getting a boat and going fishing. If you pay $10,000 for the cost of the trip, and bring back $8,000 worth of fish, you can’t just force people buy them from you for a 25% markup.
It takes hours to days to start, stop, or change nuclear and coal generation rates. You can’t just turn it on and off as needed. If you need coal or nuclear to meet overnight demand, you have to leave it running during the day as well. If you need 2MW of power overnight and 5MW during the day, you can only add 3MW of solar generation before you are putting too much power on the grid. If your solar puts out 5MW, you have to find out something to do with the extra 2MW that your nuclear plant needs to output continuously.
If you size your solar plants to produce 3MW in the middle of winter, then in summer they are putting out about 9MW. What can you do with the 6MW excess?
There is no single solution to manage every issue, but the single most important is “demand shaping”. We need to reduce demands that can only be met with baseload generation. We need to move that demand to peak solar production times. We need to increase daytime demand to incentivize greater investment into solar. We need east/west transmission lines across every continent, shifting power from wherever the sun is up to wherever the sun is down.
Storage has to be a very distant second. Every 1 MW we time shift from night to day takes 2MW of load off the grid.
The state of California has a great live and historical dashboard of power production and consumption that you can click around in to get an intuitive sense of where the problems arise. We have more batteries than anywhere else in the world but it’s still nowhere near enough. CAISO daily outlook
Edit: the supply dashboard is more useful for this discussion: CAISO supply
That’s not what they were saying, they were saying that it’s not economical to have an abundance of electricity when people need it the least, and little or no electricity when people need it the most. It would be one thing if utilities could sell solar electricity at peak demand hours for a higher price, to make up the difference, but that’s just when solar generation is slowly down significantly or stopped entirely.
And, yes, I know that battery storage could theoretically solve this, but battery technology is not currently capable of providing electricity for the entirety of the time we need it. New technologies are being developed right now with the goal of achieving long term grid storage, but they are still in the R&D phase. I’m confident a suitable storage technology, or multiple technologies, will eventually come to market, but it’s going to take a while.
Regardless, it is likely we will always need some kind of on-demand power generation to supplement renewables and maintain grid stability, and I think nuclear is the best option.
But we shouldn’t act like the problem is that utilities are just greedy. Many utilities aren’t even for-profit companies, as many are either not-for-profit cooperatives or public entities. Sure, there are also many for-profit power utilities as well, maybe even some with connections to the fossil fuel industry, but generally power utilities are not some great villain.
A thing you can use which gets forgotten often in the conversation is “natural” / physical batteries, or better put stores of latent energy. Essentially, “push heavy thing up hill, make it come down later”.
I know little about it, but you can release the kinetic energy stored in heavy objects at higher altitudes basically whenever, using say a dynamo on the wheels of a wagon of heavy rocks you previously pushed uphill.
There have been proposals for technology like this. Putting a motor above an abandoned mineshaft and suspending a weight. Charged by raising the weight, discharges by lowering against a load.
The issues is the capacity ends up being pretty tiny, not really at a grid level.
You’d need a TON of motors to get to something a grid could actually use to stabilize, and by then the economics don’t work out. Let alone the actual space requirements of that many motors
Additionally, a lot of the advantages of batteries come from local storage, where you don’t need to transmit the energy long distances anymore, and these “natural” batteries tend to take up a lot of space.
A better and more accessible form of “natural” energy storage are already in most homes. Heat pump water heaters in homes could do things like make the water extra hot during solar hours, when power is cheap, so they can make it until the next morning without turning back on.
Or with better building envelopes (insulation) we could run more cooling during solar, maybe even make a ton of ice. Then later in the day, when solar drops and the grid load peaks, you can still cool the building with ice.
abundance of electricity when people need it the least
Isn’t peak consumption around middle of the day for most countries?
it’s not economical
Mfw electricity being cheap to generate is not economical
Isn’t peak consumption around middle of the day for most countries?
I can’t speak to other countries, but in the US peak electricity demand generally occurs in the early evening.
Mfw electricity being cheap to generate is not economical
Cheap electricity is great for consumers, but not necessarily for producers. Some people might say, “well, screw producers,” but even if you take profit out of the equation, electric utilities need to be able to at least cover their expenses, and you can’t do that if the amount of electricity you’re generating relative to the demand is so high the price actually goes negative (meaning the utility is actually paying the consumer). Again, that’s good for consumers, but I’m sure you can see how that’s not a sustainable business model. And, like I mentioned before, it would be one thing if utilities could make up for this by selling for a higher price during peak, but by that point the sun is either setting or already set, depending on the time of year, so there’s just no solar electricity to sell, at any price.
Cheap electricity is great for consumers, but not necessarily for producers. Some people might say, “well, screw producers,” but even if you take profit out of the equation, electric utilities need to be able to at least cover their expenses, and you can’t do that if the amount of electricity you’re generating relative to the demand is so high the price actually goes negative (meaning the utility is actually paying the consumer). Again, that’s good for consumers, but I’m sure you can see how that’s not a sustainable business model.
Fully agreed: let’s eliminate business from the issue, and create national, for-service electric grids, that produce the cheapest renewables at all possible times in the most efficient way possible, disregarding hourly profit and taking into account exclusively the cost in €/kWh produced over the lifetime of each energy source.
Suddenly it’s obvious that the problem isn’t with renewables, but with organising the electric grid as a market
Public utilities still need to cover their expenses, and they’re not going to be able to do that if they’re charging negative rates in the middle of the day and have no electricity to sell once the sun goes down.
Do I really need to explain the concepts of taxes, subsidies, or fixed prices regardless of demand, to an adult?
I’m not sure what you mean. Are you saying that public utilities should be funded from taxes instead of charging for service? I don’t think having tax payers pay public utilities to overproduce electricity is going to fix the problem, especially since no amount of tax dollar funding can allow utilities to produce solar electricity when the sun isn’t shining.
The solution is obviously not exclusively from pricing models, we need other energy sources than renewables for the time being, that doesn’t mean we need to have market-based electricity pricing.
Imagine the state installing as many solar panels as society, guided by experts, democratically decides it wants, basically deciding as a society the energy mix instead of hoping that companies will install enough if we bribe them enough with taxes to do so, and if it’s profitable. Then, it decides a pricing model based on a mixture of subsidy and incentivising consumption during production hours.
Problem solved, innit?
I mean, “economy” fundamentally is the allocation of limited resources, if something is limited at a point when it’s needed, then economical doesn’t sound like the wrong word to use? (I’m aware economical means cheap, BTW)
I really like your response. Right behind you about energy storage.
Whoever cracks that nut is an instant billionaire in my opinion. The first cheap, effective, and practical storage technology is going to change the world. But we’re not there just yet.
I’m curious on your statement about nuclear. While I do think nuclear is a great energy source, I’m not sure I agree on the on-demand part.
Our current nuclear plants take hours or even days to start up and wouldn’t provide enough reactivity for a highly renewable grid. Are you referring to a future Small Modular Reactor technology? One with a significantly faster startup and ramp rate?
Every time someone mentions “oh no solar is producing too much energy” I think of this deranged Forbes article from a few years back.
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Microsofts billionaire founder Bill Gates is financially backing the development of sun dimming technology that would potentially…{blahblah global cooling}
