this post was submitted on 24 Sep 2023
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Rooftop solar 'cannibalising' power prices as Australian generators pay to stay online - ABC News (www.abc.net.au)
submitted 1 year ago by sbv@sh.itjust.works to c/climate@slrpnk.net
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  • Wholesale power prices are increasingly turning negative at times of high solar output
  • Observers say rooftop solar is "cannibalising" electricity prices and hitting large-scale solar hard
  • There are calls for storage and greater daytime demand to help soak up solar production
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[–] Da_Boom@iusearchlinux.fyi 11 points 1 year ago* (last edited 1 year ago) (2 children)

That's why the calls for storage should be in the form of rebates for solar and battery systems for residential houses, rather than the big battery tech they keep on suggesting we use. Wholesale prices won't go negative if solar users don't sell the power they generate, and the solar users can save money too by using the power we've stored when the prices go up.

It's a win-win, albeit with the major exception of those who don't have solar. Who won't be able to take advantage of negative prices and will probably be hung dry with higher bills (keep in mind they are already pretty high to begin with)

[–] Wooki@lemmy.world 6 points 1 year ago

Commercial cost are significantly cheaper at grid scale storage and also covers renters not just the elite ….

[–] sbv@sh.itjust.works 3 points 1 year ago

Build 'em all. There will be winners eventually. Until then, let's try everything.