| ▲ | tjansen 12 hours ago | |||||||||||||||||||||||||||||||
As soon as everybody is paying spot prices, balcony power stations are not economically viable anymore. Even today, on a sunny day, spot prices for electricity are either very low or even negative. The more solar power is available, the lower these prices will be. So your balcony power station is replacing electricity you could get for free anyway. At night, when you are not producing electricity, you still need to buy the expensive electricity from fossil plants. The reason why personal solar installations are profitable is that you can buy electricity for fixed prices from your local power company. You pay the average of the vastly different low (or negative) prices during the day and the extremely expensive prices on windstill nights. Solar allows you to use your own electricity when the average is below spot prices, and get power for much less when the price you pay is cheaper than spot prices. It's like a state-approved scheme to play the market in the name of decarbonization while actually increasing everybody else's prices and possibly even CO2 emissions. | ||||||||||||||||||||||||||||||||
| ▲ | vablings 4 hours ago | parent | next [-] | |||||||||||||||||||||||||||||||
This is why smart meters are important to providers, they can more accurately model the spot pricing adjustments which means that you actually use LESS fossil fuels. Also most new meter installs support bi-directional metering | ||||||||||||||||||||||||||||||||
| ▲ | pjc50 12 hours ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||
> spot prices for electricity There are various good websites for showing the UK generation mix, but pricing seems less public. A lot seems to be done on day-ahead, which is pricing for the whole day not minute by minute. Is there a minute-by-minute ticker? Tariff? (the reason I'm asking is that I'm skeptical as to how true this is for places that aren't California) | ||||||||||||||||||||||||||||||||
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| ▲ | tpm 7 hours ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||
> As soon as everybody is paying spot prices Which is never, because even then you are still paying some sort of taxes on top of the spot prices and also network fees. The price of electricity from the network also has to include the price of delivery, while homemade electricity only has to recoup initial investment. Of course this means given enough home installations (in places with enough sun) the price of electricity from the network will rise, more people will install their own stations, some will even disconnect, rinse and repeat. I read somewhere this exact situation is already playing out already in Pakistan. | ||||||||||||||||||||||||||||||||
| ▲ | mytailorisrich 12 hours ago | parent | prev [-] | |||||||||||||||||||||||||||||||
To me this illustrates that with renewables (solar and wind) the key is storage. You want to grab all you can during excess production/very low prices periods and then use that for the rest of the day. You can do exactly that by buying battery packs but (1) they are more expensice pieces of kit than solar panels and (2) capacity and output of DYI/plug in systems is very limited. A quick check online also says that (in the UK) peak spot prices are usually 7am-10am and 5pm-9pm, which are basically when demand picks up or hasn't dropped yet while solar panels are useless... | ||||||||||||||||||||||||||||||||
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