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European electricity prices tumble into negative territory amid glut of green energy
(markets.businessinsider.com)
this post was submitted on 20 Jul 2023
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Can't wait to see this reflected in my electricity bill this month......
Is it dynamic billing that charges more or less depending on the grid load?
From what I've heard the futures are already bought by the energy companies so real time changes won't funnel down. Like everything, once they have us all paying exorbitant prices they are not going to go back unless the government steps in.
My last bi monthly bill for electricity alone was €270...
But dynamic pricing would save energy companies money, as we could shift our energy consumption to when it costs less. That allows the energy companies to effectively sell more of their energy. I believe some places already do hourly dynamic billing. I'm sure there's a markup over the industrial scale cost, but dynamic pricing would be better for both parties if people know and are able to shift habits accordingly.