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Going Subzero The supply of renewable energy is soaring across Europe to the point where the cost of electricity is dropping to zero, and in some rare instances, going negative. On one hand, that's a boon for plenty of consumers — but capitalists are now starting to worry that the demand for bigger and better […]
SpainCaliforniaUnited-statesDenmarkGermanyTeresa-riberaAxel-thiemannBloombergGermany, Europe’s biggest power market, had about 300 hours with prices below zero last year. That may double in 2024, according to energy analytics firm EnAppSys Ltd. In the UK, the number of negative hours will grow fivefold by 2027 to surpass 1,000, industry consultant Modo Energy said. “It’s a dynamic that we’ll continue to see,” Anna Borg, chief executive officer at Sweden’s Vattenfall AB utility, said in an interview. “We have to live with that.”
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