Europe faces an unusual problem: ultra-cheap energy

europe-faces-an-unusual-problem:-ultra-cheap-energy

Owing to the rapid spread of solar power, Spanish energy is increasingly cheap. Between 11am and 7pm, the sunniest hours in a sunny country, prices often loiter near zero on wholesale markets (see chart). Even in Germany, which by no reasonable definition is a sunny country, but which has plenty of wind, wholesale prices were...

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