GRA
Well-known member
Via GCR: http://www.greencarreports.com/news/1104358_chile-is-giving-away-solar-energy-for-free-because-it-has-so-much
Chile has a problem with its solar industry. It's not that the industry can't meet electricity demand for the South American country—quite the opposite, in fact. There is actually more available solar energy than there is use for it.
Consequently, Chile is now giving away solar energy for free, according to a recent Bloomberg report. Spot prices reached zero in parts of the country for 113 days earlier this year, and one of Chile's two grid operators believes the country is on track to beat last year's record of 192 days of free power. . . .
Because the central grid and northern grid aren't connected, power also isn't distributed evenly among regions. Some areas within the two grids' operational areas lack adequate transmission capacity, further complicating matters. That means electricity prices in certain regions can plummet because surplus power can't be transmitted to other areas that might need it. . . .