this post was submitted on 09 Apr 2024
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That's wrong and it's simple to explain why.
If the grid allows negative prices, grid storage becomes a profitable business opportunity.
The power consumption will always go up or production will go down if prices go negative.
We are missing a key piece of the puzzle to decarbonise the grid and that's storage of the abundant renewable power we could easily create.
This is a sign the market is ready for investment in storage.
The person you're responding to is talking about physics, not economics.
They're mixing the two to attempt to make a point. "Post-scarcity" is an economic concept, and I've never heard that term used in physics.
It's two separate statements. We don't live in a post scarcity world. Power grids have physical limitations regarding power in and power out.
Ah then it's just two non sequiturs that don't relate to each other