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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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Gas prices were high last autumn and then it was clear that there is a limited supply, but no shortages. Renewables and energy savings worked much better then most predicted. So it is not like things are completly awfull. What is a problem is the high inflation, especially in energy and food, which obviously hurts the poor the most. Obviously it is still Europe and there are system to take care of it a bit, but it is much worse then usual.
Next winter might be tight again, especially if it is a cold one, but basicly all new gas consuming projects have been rethought and are now not happening or some green alternative is being used. So propably a good thing it happend.