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How to avoid the effects of negative energy prices in the production of electricity from renewable energy sources

Jak ustrzec się przed skutkami ujemnych cen energii w produkcji prądu z OZE

In 2023, investment in renewable energy and energy networks globally exceeded the amount spent on fossil fuels for the first time. According to the IEA, to cope with the volatility of energy prices, enhanced coordination between its production from renewable sources, storage and response to demand is necessary.

Power Fields: What you need to pay attention to before signing a renewable energy lease agreement

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Power Fields: What you need to pay attention to before signing a renewable energy lease agreement

Warehouses can help increase the self-consumption of electricity in an enterprise with renewable energy installations, ensuring not only its storage, but also maintaining the continuity of operation of the equipment during a power outage, e.g. during planned renovation works.

Industrial energy storage facilities allow you to set charging and discharging schedules or reduce peak demand (peak shaving).

The latter function allows excess power generated by renewable energy installations to be stored during periods of low consumption and used during times of increased demand. This allows you to avoid costly charges for exceeding the contracted capacity and additionally relieve the load on the energy network.

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Dynamic tariffs with negative electricity prices for entrepreneurs are getting closer

The moment has come to introduce dynamic tariffs for energy consumption – they will come into force at the end of August 2024. The new settlement system takes into account price variability during the day, which may significantly affect the way it is managed in enterprises that decide on such a model. In the case of companies with renewable energy installations, investing in energy storage may prove helpful.

Dynamic tariffs, in extreme cases, may even lead to negative energy prices. When its quantity in the network exceeds market demand or the self-consumption capabilities of the RES holder, situations may arise in which prices for the energy produced by the installation reach rates below zero. In such cases, it is possible that it will be cheaper to turn off the RES installation than to feed the power it produces into the grid. This is a real dilemma that energy storage can protect against. Their task is to store surplus electricity until the installation does not produce enough electricity to meet demand. Moreover, this solution may prove crucial for maintaining the operation of devices in emergency situations, such as blackouts or network disruptions – emphasizes Jacek Zarzycki, Business Development Manager at Eaton.

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Warehouses for charging electric vehicles in the company

Many companies have benefited from the "My electrician" program, which offers subsidies for the purchase of electric cars. The government has allocated PLN 900 million for its implementation, and according to data from June 14, 2024, over PLN 137 million remains to be distributed. The recruitment of applications under the current rules is to last until September 2025.

Companies that invest in expanding their fleet with electric cars often have to increase their contractual power, i.e. the maximum power agreed with the energy company that can be downloaded from the network at a given time. Sometimes it is also necessary to replace the electrical connection or even replace the transformer, which involves additional costs.

Power Field: energy production cannot displace food production

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Power Field: energy production cannot displace food production

This is because with the addition of each additional charger, the load increases. However, it is not always possible to extend the connection by the power company. In such situations, it is worth remembering that electricity for charging electric vehicles can be taken not only from the network, but also from an installed energy storage facility.

When employees come to the office and want to charge their electric cars during the day, and at the same time there is air conditioning, a server room, lighting or other energy-consuming devices in the facility, the total power consumed by all these receivers and chargers may exceed the connection capacity. Energy storage eliminates this problem by storing previously accumulated surplus energy, which can be used during periods of peak demand and relieve the network. Taking into account all the benefits they bring, they will have a significant impact on the energy transformation not only of enterprises, but also of entire economies. However, the development of the power storage market requires financial support, which will motivate the purchase of these devices and increase the profitability of the investment – summarizes Jacek Zarzycki.

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