Windhoek Negative Electricity Price Energy Storage

4 FAQs about Windhoek Negative Electricity Price Energy Storage

Are negative electricity prices a reality?

The phenomenon of negative electricity prices is a reality that demands fast and effective solutions. FUERGY believes in efficient energy management through smart battery storage systems that adapt to grid needs and minimize financial losses for photovoltaic owners.

What causes negative electricity prices?

Negative electricity prices occur when the supply of electricity on the market exceeds demand, resulting in a situation where producers pay consumers to use electricity. This phenomenon arises from an energy surplus on the market, particularly from renewable sources.

How can we deal with negative electricity prices?

One potential solution to the issue of negative electricity prices on the day-ahead market is strengthening transmission capacities. However, this is a very costly approach and would only be effective for exporting electricity to countries with a low share of renewables in their energy mix.

How will negative energy prices affect business?

The significant increase in hours with negative prices has a disadvantageous impact on businesses, which may face severe economic pressure instead of profit from selling their surplus energy. It is expected that negative prices will occur in the future more frequently and with greater intensity.