One Day power companies will pay people to use Energy in the US

Looking forward to the day this sort of story will happen in the United States...

The 15 mile-per-hour winds that buffeted northern Germany on July 24 caused the nation’s 21,600 windmills to generate so much power that utilities such as EON AG and RWE AG (RWE) had to pay consumers to take it off the grid.


Rather than an anomaly, the event marked the 31st hour this year when power companies lost money on their electricity in the intraday market because of a torrent of supply from wind and solar parks. The phenomenon was unheard of five years ago.


With Europe’s wind and solar farms set to triple by 2020, utilities investing in new coal and gas-fired power stations no longer face stable returns. As more renewables come on line, a gas plant owned by RWE or EON that may cost $1 billion to build will be stopped more often from running at full capacity. It may only pay for itself on days like Jan. 31, when clouds and still weather pushed an hour of power on the same-day market above 162 ($220) euros a megawatt-hour after dusk, in peak demand time.


“You’re looking at a future where on a sunny day in Germany, you’ll have negative prices,” Bloomberg New Energy Finance chief solar analyst Jenny Chase said about power rates in wholesale trading. “And a lot of the other markets are heading the same way.”


Europe’s biggest power markets give preference to renewable energy including forcing some utilities to use their fossil-fuel plants less. That cuts into profit, complicating investment decisions as the companies try to meet emission targets and replace older plants and networks that Citigroup Inc. estimates will cost them more than 900 billion euros by 2020.

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The U.S. Army's $7 Billion Sustainable Energy Project

Anyone who owns their own home can do this. Wall Street scammed everyone into turning their home equity into ass-wipe money causing the housing bubble which destroyed the housing market. Americans could have done this themselves!

The new program involves building twenty utility-scale renewable energy installations that rely on a mix of solar, wind, geothermal, and biomass power. The installations will be constructed on land owned by the Department of Defense, at Army bases throughout the U.S.


The program calls for the Army to use its land as equity to leverage about $7 billion in private investment for the twenty projects.


The Army’s goal is to provide its bases with reliable energy sources that are insulated from price spikes, shortages and grid disruptions. Aside from these energy security issues, reducing pollution and greenhouse gas emissions are key goals.

See some how its good enough for the Federal Government and the DOD to do these kinds of projects but somehow the general public cant ever get a handle on this kind of sustainable action. Of course that would put a big dent in Oil Company profits so we cant have John Q Sucker waking up and changing his life for the better now can we?

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