According to Bloomberg, the increase of wind and solar farms is actually beginning to give headaches to traditional power suppliers as production is higher than demand. This forces operators to shut down coal or gas plants, eventhough these systems are not designed to be easily turned on and off at a whim.
Periods with negative prices occur when there is more supply than demand, typically during a mid-day sun burst or early morning wind gust when demand is already low. A negative price is essentially a market signal telling utilities to shut down certain power plants. It doesn’t result in anyone getting a refund on bills -- or in electric meters running backward.
Above, new report released by the United Nations Environment Programme (UNEP) citing positive progress on the transition to renewable energy but noting that the advances are uneven across sectors. Read more here.
|"Ta’u is not a postcard from the future, it’s a snapshot of what is possible right now."|
|“Oil companies have known that burning fossil fuels impacts the climate.”|
|"If you get used to it, it becomes normal."|
|“Improve on the ability of plants to suck carbon dioxide out of the atmosphere.”|
|Miniature Eco-Friendly Low-Energy Home|
|“The prospects and future of AI.”|
|“The robot age is nothing to be worried about.”|
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|CaptchaTweet: Write Tweets in Captcha Form|
|The (Very Scary) People of Public Transit|
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|“Long live the instant gratification economy—and the increasingly sophisticated technology that’s enabling it.”|
|Why, Typewriters Are Alive and Well, Thank you|
|“Rejuvenation is Finally an Industry.”|
|“Most have no idea who these companies are and how they got their data on them.”|
|“Authoritarianism depends upon people getting used to hearing the things that they want to hear.”|