Your Advisors
Dr. Kent Moors
Dr. Kent'S LATEST HEADLINES
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Why Utilities Are Paying Germans to Use Electricity
Germany's drive to use renewable sources of energy seems to be bearing fruit. Towards the end of December, prices for electricity in the country declined below zero.
That means consumers are being paid to use the power, rather than the other way around.
This isn't even the first time this has happened. According to one of Europe's largest electricity trading exchanges (the EPEX Spot), it has happened more than 100 times in 2017.
All of this would seem to bode well for German households, long regarded as operating under the highest energy prices on the continent.
Well, not quite.
But someone else is getting paid.
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