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Germany Has Too Many Solar Panels, and It's Pushed Energy Prices Negative (markets.businessinsider.com)

submitted 6 months ago by [email protected] to c/[email protected]

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[–] [email protected] 8 points 6 months ago (1 children)

Germany's political economic system is capitalist. In order for that type of system to exist there must be a surplus that can be extracted in the form of profit. If the cost of energy is negative (or even low) there is no surplus profit and thus the system falls apart.

[–] [email protected] 2 points 6 months ago

this is why the current gov in sweden is trying to run wind mills into the ground. got rid of the solar panel subsidiary. and has been campaigning hard to building nuclear power plants under the guise of 'clean and stable energy that can be produced on demand.' - and it will somehow lower electricity prices despite the country producing a surplus and prices remain high because the surplus is sold to the rest of europe at a premium and to increase demand locally and thus prices for a double tap on the market.

but sure. let's build more nuclear. that will totally fix the energy prices and satiate demand by relying on imported fuel based power instead of free and infinite power produced by nature itself. i'm sure.