Germany hit a new high in renewable energy, briefly making prices negative
qz.com
qz.com
You'd have to pay me to use the power, too, if I would rather be outside in this perfect weather.
Look at the North Zone of New York, it spent a good chunk of Sunday negative: http://mis.nyiso.com/public/csv/realtime/20160508realtime_zo...
Use the LMP column(Locational Marginal Price)
It should be noted that most energy is purchased in the day ahead market, which I can't recall seeing negative - although maybe in Texas (ERCOT).
The provider will need to buy back the energy in at the realtime price if they are not generating. But I am not sure about the market rules for negative prices.
I don't see why paying electricity users to timeshift is worse than paying for storage facilities.
I bet most of the German metal industry has already tweaked its production facilities to be able to ramp higher and lower on short order, while keeping weekly production stable. Good thing too IMO.
These spikes would go mostly away, if more coal plants get replaced by gas plants which can be switched off very quickly. I guess, as soon as there are more of those days, this shift is getting financially attractive.
Pump water uphill into a reservoir or series or reservoirs.
Produce hydrogen gas by electrolysis and sell it to fuel cell people.
Charge very large arrays of batteries.
I dunno.
Use electric cargo trains to carry many loads of gravel from the bottom of a mountain to the top. Dump the gravel out into a huge pile. Later, load the gravel back in the trains and regenerative brake all the way back down the mountain.
Cut a large-diameter shaft into bedrock. Using the rubble from the excavation of the shaft as aggregate, pour a very heavy concrete piston that fits in the shaft. Pump water into the bottom to lift the piston, discharge pressurized water through turbines later.
Compress air and put it in old natural gas wells. Discharge pressurized air through turbines later.
Use a large heat pump to warm depleted uranium or similarly dense material in a large vacuum flask. Run the heat pump backwards (like a steam engine) later.