Italy offers free energy for 6 hours - Solar plants responsible for significant price reduction
On a festive day with low consumption and excellent photovoltaic production, the Italian electricity market recorded for the first time in history prices equal to zero or close to zero for eight consecutive hours (from 10:00 to 17:00) in all areas of the country, from Sicily to Northern Italy.
An unprecedented event that shows in a concrete way how photovoltaic plants are already able to reduce energy prices and bring direct benefits to families and businesses. "These plants reduce bills for everyone, starting with companies that have contracts indexed to the wholesale price", comment the experts of the sector. "This is the practical demonstration that more solar energy means less energy costs for everyone. This can be done by continuing to secure the network, as is already being done in Italy thanks to the very strict rules that producers must apply, to prevent emergency situations like those that occurred in Spain with the recent power outage," they underline.
However, the prolonged presence of zero prices or, as is already happening in some European countries, even negative prices poses several systemic challenges. First and foremost, the need to invest quickly in storage, which allows some of the solar energy to be shifted to the evening hours, contributing to the security of the electricity grid.
It is important to protect photovoltaic producers who, in the event of prolonged zero prices or frequent production restrictions imposed by the grid operator, risk having insufficient revenues to cover costs. In this context, the latest resolution, which entered into force on 1 April, finally extends the right to compensation for lack of production to all non-programmable renewable sources, including photovoltaics.
An important measure that, until now, was only known for wind energy, and which represents a necessary protection in a system in which outages could become increasingly frequent if conservation measures are not taken immediately.
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