Germany has too many solar panels, and it's pushed energy prices into negative territory

Xatolos@reddthat.com to World News@lemmy.world – 467 points –
Germany has too many solar panels, and it's pushed energy prices into negative territory
markets.businessinsider.com
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Sounds like Germany can start exporting said energy and make even more money. How is this a bad thing?

It's bad because the owning class has less control.

It must be a lot of work to see everything through this lens, all the time.

If you look at the states surrounding Germany, and the inter connectors they have, you’ll understand better why this isn’t just a simple thing to do and why it doesn’t relate to income level differences.

The only region that has managed to build a perfectly integrated spot market for electricity is Scandinavia. Every time you want to enable something like this, you’re in difficult negotiation territory; politics, unions, local government, NIMBYism, technical difficulties etc play a huge part.