Thursday, September 24, 2015
Wind power so plentiful in Texas that producers sold it at a negative price.
Sounds crazy right? Well it happened just a few days ago. Texas set a new wind generated power record of almost 11,500 MW Sunday night a week ago, besting a previous record set in February. Because Texas has it's own power grid, and a few other factors, Texas wind energy producers couldn't sell excess production to other power grids and we suddenly had a surplus of power in Texas.
There was so much surplus wind energy the cost of electricity went from $17.49 to - $8.52 per megawatt-hour. They were paying utilities to take it off their hands! Let's hope this trend continues.
Read the whole crazy story at Slate.