Germany’s Renewable Energy Boom Pushes Electricity Prices Into Negative Territory

Posted: May 11, 2017 in Uncategorized

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On April 30, renewable sources fed so much power into the national grid that supply far exceeded demand – causing prices to fall into negative territory. The surplus was then sent to neighboring countries.

Tales from the Conspiratum

It’s the economy stupid! No it’s not, it’s the greed of the parasitic elites that own the oil stocks and who are destroying our only planet.

Source: Electricty Prices Fall into Negatives as Germany’s Renewable Energy Boom Occurs

anonhq.com

Renewable

Since 2015, Germany has produced too much energy from renewable sources, selling the excesses to its neighboring countries at a much cheaper price.

Taking a cue from the 2011 Fukushima nuclear disaster in Japan, Germany shut down nine of its nuclear reactors. Combined, these nuclear reactors had the capacity of generating enough power for at least 20 million homes in Europe.

Renewable

But due to the extreme dangers associated with nuclear power, Germany doesn’t want to gamble with the nation’s health. It is better to invest in ventures that are sustainable. The country has an ambitious target in renewable energy.

Sweden hopes to run entirely…

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Comments
  1. That’s good news. And to think in Australia we are going in reverse, opening coal mines and doubling our energy bills, while cutting services.
    My father would turn in his grave!

  2. Fortunately we’re doing a bit better here in New Zealand, thanks to the Pike River coal mining disaster in 2010. We have a strong environmental movement here that is blocking new coal mining operations, as well as sufficient hydroelectric power that with a little wind and solar our energy production can be 100% renewable by 2030.

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