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Germany Has Too Many Solar Panels, and It's Pushed Energy Prices Negative

Germany has too many solar panels, and it's pushed energy prices into negative territory

https://markets.businessinsider.com/news/commodities/solar-panel-supply-german-electricity-prices-negative-renewable-demand-green-2024-5

Germany has installed a record number of solar panels. But consumers aren't starting to use them fast enough.

Germany has too many solar panels, and it's pushed energy prices into negative territory

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fr0g

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I guess that depends. If the costs to invest in storage is cheaper long term than losing money from excess energy, then energy companies would lose less money and thus could offer cheaper prices. But it would definitely help decrease or get rid of negative prices.