Solar activity has reduced energy prices in Germany

    In recent days, Germany has been producing so much energy from solar panels that it has exceeded consumer demand, and energy prices have plummeted. According to information provided by Business Insider, the indicator has also dropped from zero to negative.

    However, this does not mean that consumers are actually charged for the use of electricity, as they are often paying a fixed price rather than the market price.

    Some argue that this will hurt the profits of solar producers while hindering broader efforts to reduce carbon emissions.

    But the biggest flaw in the current situation is the lack of efficiency. Consumers use the most energy when the sun is not shining, such as at night, which means most of the energy is wasted. The long-term solution appears to be to create storage areas so that consumers can use solar energy on cloudy days and evenings.

    The reason for the sharp drop in energy prices is that Germany set the goal of active use of solar energy last year. In this regard, the consumption indicator of this technology reached 14,280 megawatts, which is almost twice as much as compared to last year.