The latest surge in fossil-fuel prices means it is now up to nine times cheaper in the UK to drive an electric vehicle (EV) than a petrol or diesel car, shows Carbon Brief analysis.
I assume that electricity price sometimes goes negative when excess is produced, resulting in some providers paying you for using electricity at that time.
It’s precisely that. The winds blows and the sun shines, then suddenly the power company would rather pay their customers to use more power than pay the generators penalty fees to turn off.
How?
(No need to go into too much detail as I’m not in the UK; I’m just curious)
I assume that electricity price sometimes goes negative when excess is produced, resulting in some providers paying you for using electricity at that time.
🤔 Interesting. I never even considered what happens if excess energy is produced
It’s precisely that. The winds blows and the sun shines, then suddenly the power company would rather pay their customers to use more power than pay the generators penalty fees to turn off.