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German Utilities Pay Customers to Use Electricity Thanks to Renewables Surplus
This coming Sunday, however, wind generation alone is forecast to hit a new record, according to data crunched by Bloomberg. This means average prices will be negative for Germany electricity customers for a whole day, not just for a few hours.
When prices go negative, power producers either close power stations to reduce the electricity supply or pay consumers to take it off the grid, Bloomberg noted.
In May, Germany's mix of solar, wind, hydropower and biomass generated 88 percent of Germany's total electricity demand. While that was an already impressive feat then, on Sunday at 7 a.m, wind generation will peak at 39,190 megawatts—or enough to meet more than half of the country's total demand. That's just from wind power!
Germany's previous wind generation record was 38,370 megawatts on March 18.
The world's fourth largest economy is in the midst of a clean energy revolution known as Energiewende. Fortune reported that German consumers pay a surcharge of around €20 ($23.61) on their energy bills to pay for the initiative. Power prices are higher in Germany than in any other European country except for Denmark, where it costs €0.308 ($0.36) per kilowatt hour versus Germany's €0.298 ($0.34). To compare, residential prices for electricity averages $0.13 cents per kilowatt hour in the U.S.
However, it appears that the overwhelming majority of Germans do not mind paying this extra amount to go green. An survey by the Agency for Renewable Energies (AEE) revealed that 95 percent of Germans rate the expansion of renewables as important to extremely important for energy security and to fight climate change.
"The survey results show the breadth of the societal consensus supporting the Energiewende in Germany," said AEE deputy managing director Nils Boenigk. "People in Germany know the deployment must continue so we can fulflil our obligations regarding climate protection and future generations."
EcoWatch Daily Newsletter
At EcoWatch, our team knows that changing personal habits and taking actions that contribute to a better planet is an ongoing journey. Earth Day, happening on April 22, is a great reminder for all of us to learn more about the environmental costs of our behaviors like food waste or fast fashion.
To offer readers some inspiration this Earth Day, our team rounded up their top picks for films to watch. So, sit back and take in one of these documentary films this Earth Day. Maybe it will spark a small change you can make in your own life.
On Friday, Seal Rescue Ireland released Sesame the seal into the ocean after five months of rehabilitation at the Seal Rescue Ireland facility. Watch the release on EcoWatch's Facebook.
By Jordan Davidson
Guinness is joining the fight against single use plastic. The brewer has seen enough hapless turtles and marine life suffering from the scourge of plastic.
People of all ages are spending more of their day looking at their phones, computers and television screens, but parents now have another reason for limiting how much screen time their children get — it could lead to behavioral problems.