Spain sparks fears of energy industry crisis as renewable supply exceeds demand | BBC News
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- Опубликовано: 24 июн 2024
- Spain has become one of Europe’s prime renewable energy hotspots, with a sharp increase in installation of solar and wind generators over the last few years.
However despite the successful move towards green energy sources, electricity consumption has been dropping.
This has triggered concern this could lead to a crisis in the industry.
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#Spain #GreenEnergy #BBCNews
Oh nooooooo! Cheaper energy and less fossil fuels?!? How will our poor precious billionaires possibly survive this?
THe crisis is that the entirety of the electric sector will be in risk of collapsing if the government doesn't collectivize the utility companies (as they are no longer viable investments). This means buying them out for a lot of money, while also contending with all the people who believe a government owning companies is communism.
The fact is that isn't cheaper. Or it is cheaper to produce, but they sell it way way more expensive than the more polluting sources because of corruption.
Cheaper energy lol.
Your future looks 😂😂😂😂 brainwashed 😂😂😂
By selling more panels when the 30 year expiry reaches and charging premiums for their disposal given we don't currently have means to dispose of them safely.
People using less energy is a good thing not a crisis
Good for the planet bad for profits .. profits don't care about green .. they need consumption
Not for the money grabbing companies!
Well done Spain
Nor greedy capitalists.
It is when energy is a stealth tax and the tax income drops substantially and there is no money for the services that poor people rely on such as welfare, adult social care etc etc. Run out an get your solar and renewable - they are future tax burdens. Got an electric car? Thats a 50% tax please haha ;-P
What a horrible headline. It turns the positives of the green transition into a negative.
Evidence of who is funding the BBC
Solar panel are made in China. Any evidence of "Overcapacity" are news to the sponsors.
I don't see any problem here
Why don't they just sell the power to Germany or something?
@@kv4648delivering electricity long distances is both difficult and expensive
Poor Spain. Too much green energy which means cheap power for the people. Lucky the Brits don’t have this problem.
Actually most of the reduction in energy costs for Spanish people are because of the emergency reduction in VAT on energy bills from 21% to 5%, and the reduction in "Energy Tax" from 5.1% to 0.5% - not because of solar and wind generation. The cheapest time for a consumer in Spain to buy electricity is in the early hours of the morning - not when the sun is shining at mid-day.
The British government problem is to much foreign privateers the likes of energy should be nationalised shocking the money these people are making great Britain know economic zone good luck reform party
😅
@@user-fm6ns5nb4jthat's because energy consumption hits rock bottom in the morning when everyone's just getting up
@@user-fm6ns5nb4j What a load of bullshit. The price of electricity in Spain has dropped a huge amount because of renewable energy sources, taxes have nothing to do with it
I think Spain is doing what every nation should be doing. Very proud of Spain 🇪🇸.
Solar isn't entirely eco friendly. Might be a green energy source but we cannot properly recycle the panels when their 3 decade lifetime is up
@@scootergrant8683 "but we cannot properly recycle the panels" depends what you mean by properly. Paper can't be 100% recycled. Ink, glue, coatings and damaged fibres mean you get less paper out then you put in.
@@ianhamilton3113 Most Solar panels I am aware of are whole units with integrated circuitry possessing many rarer earth minerals and metals. There is a great assumption that once an item can be retrieved it can be recycled but that isn't strictly true.
These items are often bonded up in forms which are made to hold their form ad hard to tamper with. Or they are inherently hard to re-form into other structures because of the naure of their composition.
Most countries don't have neither the solar resource potential nor the vast plains and long rivers to build renewables in such scale.
It's a laudable effort, investment, and success, and Spain muist be praised for it; but let's not believe any other European country has the orography nor the geographic position to have it so "easy".
@@zanshibumi That's a very good point to raise. It seems there's a very black and white perception of renewable energy platforms. I do wonder if public members should rather view them as another part of the spectrum of electricity generation methods.
To use an extended analogy, it's like tools in a toolshed. Most people need hammers and screwdrivers but some need saws and blowtorches. After all, what point is there giving a spanner to someone needing to put up a painting. Or instead giving a flat-head screwdriver to someone driving in a Philips-head. Flat-head will work but Phillips will achieve the job better.
OH NO, WE'VE REACHED SUSTAINABILITY.
It was supposed to be impossible,now what they're going to blame climate change on
What a nightmare. Too much green energy.
Too many curtailment contracts.
@@gregorymalchuk272 NO curtailkment contracts, you numbnuts.
‘Crisis in the industry’ = rich people profiting from poor people that need electricity won’t be earning millions from it anymore 🤷♂️
absolutely spot on
So private equity wind and solar millionaires?
That sounds about right.
A few hundred people want to make money, so millions of people must pay the consequences of them earning that money.
We will know we have made a step in the right direction, when we stop looking up to wealthy people, because they are successful businessmen. We will see them for the parasites they really are.
If having a bigger yacht is more important than the well being of hundreds of thousands of people, you need psychiatric help, not a bigger yacht.
Now all they have to do is become like Norway and adopt EVs and oil and gas will be screwed.
Are the panels and turbines free? One can assume it's still private for profit organisations running it all with tax subsidies. The cost of electricity in Spain is comparable to the UK. One solar farm is already replacing its panels after 10 years! The Chinese are loving this!
"crisis "!!! where? what is it? homes have electricity and they are efficient is not a crisis
I beg you and all these idiotic people in the comments to watch a five minute how-to-capitalism-101 video, please. If renewable energy stops being profitable, the rich people the comments seem to hate so much will stop investing, hence, renewable expansion will also stop where it is now, which is terrible because as you heard in the video, not even a third of the Spanish economy is currently electrified. We need a balance for efficient expansion, that's how it works. Capitalism 101.
I find it strange batteries were not mentioned in the video, as they not only fix the problem but even give us clean electricity during the night.
Do you understand the concept of the "curtailment contract"?
@@gregorymalchuk272 Yes, I do, and they do not exist in the Spanish renewable market, so you can F*ck right off .
@@gregorymalchuk272Do you understand that Fossil Fuels is going away…Fossil.
Because the green revolution from the generation developer side will come to a halt if the demand for electricity falls and the associated prices. there is no money in it for developers if prices are negative to such a degree that they exceed the subsidies.
there will be excess supply and curtailment in order to maintain the grid stability. asa a developer that can become problematic and make the investment uneconomic.
Plenty of capacity. Well done Spain.
Who has paid you for this 😂
I haven't heard anything that constitutes a "crisis" other than energy prices going down and people being more self sufficient. The only negative you stated was less investment in industry by institutional investment groups.
The investment in the industry comes from millions of people buying solar panels, it doesn't have to come from corporations looking for a return on their investment.
Less money spent on energy means more money to spend in the community instead of being sat in off shore accounts.
Excess energy can disrupt the grid, but if the energy is produced and used at the source, it doesn't even go into the grid and excess energy can and is often exported to other nations.
The economy going up doesn't mean energy usage going up. Just like more powerful microchips doesn't mean bigger microchips, you said it yourself in the next sentence, efficiencies and progression in technology and more sustainable living 🤦🏻♂️
All you need is batteries that have been around for more than long enough but seem to be intentionally held back in development and adoption. About 25 years ago I had rechargable batteries and they were in almost every shop. I can't remember the last time I saw them without looking at specialist shops.
The dinosaur juice producers paid in advance for this hit piece....lol. What a bunch of muppets BBC has become....
Well there are some concerns:
- A greater decentralised generation capacity, if exported to the grid, creates greater variability in the network and can generate some funky effects in terms of power stability as you may not necessarily have a large and stable load supply.
- Solar is a very new technology and, aside from lacking public awareness, is not ready for recycling yet. Much like wind power, many critical components require replacement entirely after 30 years. Given power is being generated in a non-central manner, waste has potentially jumped up tenfold. So we gotta get inventing fast.
@@markmercieca5569 BP&sHell in a nutshell
Energy prices are going up because all these renewables projects demanded curtailment contracts before they even got built. So during periods of high production when supply exceeds demand, customers have to PAY the solar companies for electricity they DIDN'T use.
❤
I'm so sick of corporate media caring more about bad corporations fading away then they do about human lives being better and the planet being healthier.
Heaven forbid consumers benefit and investors lose out 🙄
Consumers pay higher prices due to curtailment contracting.
@@gregorymalchuk272 I have no idea WTF you're on.
Because I live in Spain and, yes, the consumers benefits, as do the producers.The difference is that the producers dont make exorbitant profits at the cost of consumers.
Maybe you should figure out how the Spanish electrical production system woks, because there is no curtailment contracting system in Spain. The government guarantees to buy every KWh produced by renewable producers.
Silly boy.
They arent benefiting.
@@Withnail1969 Who "aren't benefitting"?
I certainly am. Right now I am paying €0,04635 per KWh.
The electric producers are beneftting, because they are maintaining their profits.
Workers are benefitting because the Spanish economy is continuing to grow and is , in fact, one of the strongest EU economies and has been for over a year.
And the energy sector is providing large numbers of jobs, not only in the maintenance of these solar and wind farms, but also in the installation industry.
So, please, why don't YOU explain who isn't benefitting? Because I live here and see all the benefits for all sectors of the Spanish economy.
The one sector that is taking its time to benefit is that of EV charging, but even that is rapidly catching up because it is very clear, in spite of all the scare stories in the English speaking media, that running a BEV is clearly beneficial to owners on the grounds of cost.
But of course! You know everything because you say so... from the vantage point of where? Some god-forsaken sh1thole in the UK?
@@davidcolin6519 The Spanish economy is a basket case with catastrophic unemployment. The electricity companies do not benefit from solar panels. They are a major problem for them. If you're paying low prices for now that won't last long or is heavily government subsidised with money printing.
The headline makes it sound like a severe and ominous situation. All that’s happening is that they’re doing what needs to be done and some companies are temporarily not raking in huge profits. That’s not alarming. That’s just reality. Please stop making up issues.
The private equity solar companies are taking in profits while consumers pay high prices due to curtailment phenomenon.
@@gregorymalchuk272 Then just install your own PV and battery storage - the cost is now *easily* affordable for anyone with a normal mortgage.
Broadcasting Bollocks Corporation at it's finest...
What has the BBC become....even spinning a positive move as negative. Battery Tech and bilateral EV car charging will solve all the problems.
note the bizarre camera angles to induce anxiety! - they're insane trash! This is fantastic for Spain! THEY'RE WINNING!
The BBC is terrified of the Tories as numbskulls like Dorries , Gove and Mogg used to regularly threaten them that the license fee would be abolished or reduced. As a result the parachuted-in - senior suits, virtually all of them white male middle aged Tories, have sent a quiet message down the line...don't talk about the utter disaster of Brexit, and quietly praise the Tories whilst disparaging Labour, LibDems, Greens etc.....or else.
The downtrodden BBC hacks don't have to be paid off. They have morgages and families so the threat of being axed in yet another " restructuring" is enough.
As a result, if private enterprise ( namely Etonian chums, donors and other Tory insiders ) cant make big money out of something then it has to be wrong and bad for the country. The same applies to other countries of course, despite the shrieking evidence that what is going on is good for the environment and the people.
These shady background figures ,who have looted the British economy for 14 years ,arent big on green energy but are " on the side of the motorist" and the fossil fuel producers, and so that's who the BBC hacks have to puff up.
Curtailment contracts aren't positive. It means you pay renewables prices for electricity you DON'T use.
That's mainstream media for you. Words like 'fears' and 'crisis' stimulate more clicks. Here in France there are 1.1 million EVs on the roads and growing fast...during 2022 600,000 French homes replaced gas or oil heating with heat pumps but strangely electricity demand has not risen. The explanation for this is that there has been a massive increase in private solar, some coming from domestic homes but mostly from companies who are generating and using their own power on site. This results in lower demand from the public grid. In my case I ditched fossil fuels in 2019, got myself an EV and put solar panels on my roof. So my €2,000 a year spending on petrol has been replaced with self generated electricity. Spain needs to boost EV sales to soak up all that extra supply.
@@gregorymalchuk272 You don't know what you're talking about.
Energy prices skyrocket: "That's just the way it is sweaty, suck it up"
Energy prices threaten to fall; "This is a crisis that we all need to be terrified about"
You don't understand the idea of power curtailment pricing. Electricity prices go UP under these conditions.
Can't they just sell it to other EU countries?
yeah they can, it´s a fake story to lobby for oil and gas, bc that´s where the rich constantly make money, you sell solar to citizens and they can get it themselves.
Green energy is useless, it cant be exported as it lacks reactive power so it cant be transported far, and without huge battery cells it creates an unstable grid.
France doesn’t like the idea, since they export a lot thanks to their nuclear power plants, so the french opposes allowing grid to cross the Pirineos mountains towards France.
There needs to be infrastructure already existing that connects their energy grid to said other EU countries. That takes time and money in itself, and a commitment to continue supplying that electricity for years to actually make building that infrastructure worth it.
There's only one inter-connector with France (which is Europe's largest net exporter of energy), Morocco (who is looking for markets for it's green electricity) and Portugal - none of these connections are up to EU recommended levels of capacity - they're working on improving the connections but they're nowhere near close yet. The other problem is that there's a lack of high voltage cables running from the areas of green production to the foreign markets - outside of the main urban areas even the basic grid is creaking with age (there's a queue of projects awaiting connection). And Spain was very late in installing infrastructure for EVs - they are way behind both their own targets and France and Germany, due to the previous PP government being in the pocket of the two largest electricity companies (Endesa and Iberdrola).
And the benefits of the excess power hasn't really passed down to the consumer - you would think that if there's such an excess of green electricity that the retail price during the day would fall - but the consumer tariffs in Spain don't reflect that. The cheapest time of the day for a consumer to buy electricity is to consume in the early hours of the morning, not when the sun is shining.
Sounds like a storage problem rather than a generation problem
It's a non problem. Aka a solution.
It's an oversupply of electricity problem. People want energy but don't want it in the form of expensive electricity. Running a gas cooker is half the price of running an electric cooker.
Why shouldn't the solar companies internalize the storage problem rather than export it to the grid? 🤔
@@longdang2681It's worse than that. These renewables companies have curtailment contracts which basically stipulate that all generated electricity MUST be bought by the grid operator/distribution company regardless of need. So you pay inflated prices even for electricity you DON'T use.
@@longdang2681na, its not
How on earth are you framing this as negative? Oh no some executives abd oligarchs may be feeling a bit of a squeeze, how sad. Well done Spain!
Because from an engineering and economic perspective it's a problem.
Renewable energy running into limits despite most energy still being non-renewable is indeed a problem if the aim is to get rid of the fossils.
There are workarounds to that, trouble is they haven't yet been implemented and they're long term by their very nature.
@@shaun5552Nonsense. Battery Storage solves nearly ALL the issues with renewable energy. This isn’t even going to be an issue in many countries within a decade.
Individual and Businesses using Solar and Battery Storage will drop the demand from the Grid. Battery Storage at Grid Scale is ALREADY reducing the demand for Grid Production in several countries. The backup available from Storage is removing the need for Peaker Plants and addressing Peak Energy Demand rapidly in many areas.
VPPs are also beginning to be used to address Peak Demand as well.
Way better to have it and not need it than to need it and not have it
Not if your trying to expand your production.
Not entirely. Grid mechanics is complex. A surplus can cause funky effects down the line for grid engineers.
@@scootergrant8683 True, but Spain has the ability to store excess energy. So having excess renewable energy is far better than having too high demand and not enough.
@@SmilingNinja in what way do they have ability to store excess energy?
@@raccoonious4038 They have pumped-storage hydro, and molten-salt heat storage at a few of their solar thermal plants.
Alternative title: Spaniards humble brag that they have too much sun
The absolute absurdity of this title…
The absolute absurdity of our economic system…
“However despite the successful move towards green energy sources, electricity consumption has been dropping.”
What?! Crisis?!
Isn’t this the point of green energy?!
Not when it's by demand destruction.
@@gregorymalchuk272 demand "destruction" due to households being more energy efficient (i.e., better appliances etc.) but that can be massively offset if we'd have more BEVs driving around here.
Spaniard here. I installed solar panels in my home 3 years ago. My average yearly consuntion went from 3'5 MWh/year to 2'2 MWh/year; yet I make the same use of appliances. It's not that energy consumption has been dropping, it's that millions of homes in Spain have reduced their grid dependency by a third.
@@gregorymalchuk272You’re foolish. That’s a dumb comment. There are more Solar Rooftops and batteries. LESS demand from the grid doesn’t mean that the people are using less electricity, they’re generating more electricity themselves.
How on Earth did the BBC get this so wrong?
The headline is rubbish. Too much energy? Lower the prices for consumers to increase demand!!
Assume you’ll run home and put the tumble dryer on in the middle of the day then, how much would they have to pay you?
None of you understand curtailment power pricing. You pay MORE under these high supply/low demand conditions.
@@gregorymalchuk272 You might want to read up on what is monopoly pricing and effect of energy markets.
@@gregorymalchuk272Ultimate reduction of Demand from grid means ultimate reduction of payments to grid operators. Contracts EXPIRE and won’t be renewed and will get better terms.
I live on a Caribbean island, St. Vincent, and today I have five guys here installing a 4.95 GW solar system for my home. The installers have told me that the monopoly state - owned supplier here, VINLEC, has to certify any solar system before it can be connected to the grid.
Although my roofs have the capacity for far more panels, I am limited to a maximum solar generating capacity of 5.0 GW. This is because VINLEC ( who generate electricity almost entirely using imported diesel oil from Venezuela) have cut the limit from 10.0 GW to 5.0 GW because with almost year-round sunshine, and temperatures rarely below 26C during the day, their electricity sales and so their profitability would plummet if domestic and corporate systems produced 10.0 GW and as they are the unofficial cash cow for the government, this isn't acceptable.
Insane.
All the solar plants in Spain combined produce around 25 GW, but you have 5 guys installing 5 GW in your home?
Burger joint employees moonlighting as solar panel installers.
I admire their enterprising attitude.
@@gurriato When dealing with that much power, I would want the installers to be the best in the business not employees from the local burger joint.
Don't connect to the grid and tell them to kiss your butt
Good! More supply than demand should mean lower prices for us!
If you’re looking for an industry to use all that cheap electricity look no further than desalination! It opens avenues for more agricultural industry and gobbles power like almost nothing else.
Liberals claim we can't do that because of brine. I guess they've never heard of brine outfalls.
Yep, the Catalan Government are looking into this as they have water shortages here. I think there is already a plant just outside of Barcelona which they want to expand.
@@chrisvalford Indeed they have a desalination plant and their reservoirs in the mountains are not keeping up.
AND
Grow produce in the shade UNDER the panels!
Oh dear poor energy companies. My heart bleeds for them.
Not enough profit for someone 😂
Oh no we have too much clean energy! That’s a good problem to have. We need to adjust our grids to accommodate renewables and shift our grids accordingly and we will be fine
"We just need to pay a trillion dollars to make the Rube Goldberg machine pretend to work."
Im failing to see the crisis... 🤔
Weird!
If all this cleaner renewable energy was publicly owned, it would be a win-win situation. Lower costs, lower bills, less risk, less pollution, lower tax.. come on people,sort it out!
BBC news can be too similar to the Daily Mail or the Daily Express at times in that things can only ever be reported as crisis or disaster. There's not always this need to be so dour or scary.
Or DW! The biggest negative propaganda channel regarding EU i ever seen.
Spaniard here. I installed solar panels in my home back in 2021. My average yearly consumption went from 3'5 MWh/year to 2'2 MWh/year; yet I make the same use of appliances. It's not that energy consumption has been dropping, it's that millions of homes in Spain have reduced their grid dependency by a third. When you add up the numbers of national consumption, yes, it has gone down. But that is because of a change in how energy is generated and consumed; and measured. The next step is going to be installing micro wind turbines at home, that's bound to half my 2020 numbers.
Absolutely correct - its happening here in the UK as well but we suffer from a lack of sunshine but with energy priced at £0.44pence per kWhr until very recently it still makes sense.
The government have responded by slapping a £350 year tax via standing charges ,
I cannot see a real problem here. There is a Spain - France interlink which could be added to so the Spanish could export more electricity if they have a surplus. This sounds like another of the 'scare story' news items so beloved of the mainstream media. Shows how far the BBC have fallen. I would be far more impressed by a story on the opportunities this increase in renewables brings.
French EDF not keen on this possibility, they own the nuclear power plants
The tone and the headline for this story was like it was written by power producers.
Energy storage is the issue now with Spain. Sand heat storage would be a great solution for these applications.
Why not make the wind and solar companies internalize the cost of storage rather than export it onto the grid, destabilizing it?
@@gregorymalchuk272Bad discussion. You know why. The Fossil Fuels Energy Companies charge the people for their actions.
Every penny not going to the oil giants is a win.
Because all the money is going to solar private equity.
@@gregorymalchuk272Lesser of two evils I'd say
@@gregorymalchuk272Nope. Plenty of people putting their own Solar Panels on their homes and getting batteries storage.
2:07 “while good for consumers-“ shut up after that, you’ve said everything necessary.
oh no, not cheap energy, how will the energy ceo buy their 5th mansion now :(
As someone who studies sustainability, this is essentially the goal of the Paris Accords and ambitious green policy programs. Use energy more efficiently while making it cheaper for consumers.
Only people worried are utilities that have to maintain infrastructure without the revenues from an increase in the demand. Probably need some modern infrastructure improvements but this should be celebrated.
Just export the energy to other countries
I don't think it's as easy as that.
It is difficult to store and transfer energy generated by wind and solar.
@@andrewsmith3613battery tech is improving and will probably solve that issue in the future. All kinds of new innovations like some wood pulp based batteries from Finland etc.
@@andrewsmith3613 not true, it's not harder than storing and transferring electricity generated in any fashion.
@@andrewsmith3613 It's no more difficult to store than any other electricity. The main problem Spain has is that it has insufficient inter-connectors to France and hasn't built out the infrastructure (UHDC cables) to transport the electricity from where it's generated. This is true for much of the infrastructure within the country - they are way behind France and Germany in installing EV charging points, for instance. And if you leave the urban areas the grid is creaking with age. The previous PP government was in the pocket of Endesa and Iberdrola (both routinely supplied sinecure jobs to PP ministers upon retirement) and actively discouraged green energy - that's why the chap interviewed mentioned the sea change once the PSOE came to power.
Like the other comments here, why is it being presented as a crisis? Abundant renewable energy and lower energy demand through DSM is a great opportunity for energy companies to export.
Really scraping the barrel to find ways to make renewable energy look bad.
"low energy prices could deter investment" This makes me laugh. High energy prices are bad for business but according to BBC low enegery prices are bad for business.
low energy prices are bad for investment in generation projects, especially if it's wind-solar projects which will be trying to sell power at the same time as the other wind-solar.
What a misleading title
We and the planet are dying and this piece is concerned about profits of corporations?!!?!?
This is beyond ridiculous, testament to where we are as a nation.
Less energy consumption? GREAT!!
What is bad for big corporations is almost always good for everyone else.
I dont understand , what crisis here? Except cheaper energy. Hurting the investors wallet?
In South Africa during the day we reportedly use excess electricity to “recharge” our pumped storage capacity that we use for peak demand times in the evening when there is no solar electricity.
The whole point of renewable energy is that it's a cheap, low cost form of energy. An entire facet of 'sustainability' revolves around consuming less. Surely there is a Government policy that addresses a plan for when we meet our green energy targets, such as removing the need for private investor incentives or demarketization of renewable energy
The renewables companies don't care. The curtailment clauses in their contracts mean they can never lose money during times of high supply/low demand. Consumers are forced to pay for electricity they DON'T use.
@@gregorymalchuk272Stop the nonsense. Contracts end. Laws are passed.
Use any "surplus" electricity to produce green hydrogen. Germany is doing this in Mauritania. H2 can be used for cars, ships, business with no CO2 produced. Bravo Spain,
No such thing as "green" Hydrogen.
All it does is throw away 70% of the excess energy.
It's a VERY inefficient "storage medium'
(AKA "BATTERY).
.
Hydrogen is NOT the answer for vehicles. We already know that well. Electricity and Solar and Battery Storage are already replacing Gasoline and Diesel powered vehicles at around 17 MILLION Vehicles per year as of 2024.
lol is this headline a joke
It's only a crisis for the energy company shareholders and the millionaire CEO's. It's great for ordinary people, it will drive prices down.
The only actual "problem" here is logistics.
Getting all large energy consumers to schedule peak use during times of peak supply. Creating storage to move midafternoon power into evenings. And enhancements to the grid to let power be sent where it is needed most, to help balance loads and supply.
It's humans planning ahead, finding financing, and working together. That is the real challenge.
They could run Bitcoin miners when they have excess.
Why is this a problem?
If companies do not have a return on investment, it is bankruptcy; companies have planned consumption and a market price, if the reality is lower, it means less money coming in.
@@bg2244That can always be offset by lower healthcare costs due to much less pollution and health issues from Fossil Fuels Power Generation.
Insane that this is a problem.
Oh no it's a minor inconvenience for rich investors! We have to do something!
Not everything has to be viewed through lenses of economy.
And even then it can be stored as hydrogen via hydrolysis and sold to other nations
Agreed! But I’m pretty sure we mean *capitalist economy.
Not mentioned.. is exporting electricity to neighb. Countries. France often sends x grid excess electricity from nuclear to its neighbours
Hydrogen! Store the excess energy as green hydrogen. This can be charged for or exported as required.
The issue that people have is that the cost of energy is still too high for many in Spain, people don't turn on AC units even if it's 47c outside due to the cost and try to make by with just fans. Energy in Spain is heavily monopolized and still high cost considering supply and demand. While it may look affordable to other countries, and Spain's wages have increased, they are still behind in earning compared to many other countries and rent still takes a significant portion of the budget. So yeah, we use less cause we can't afford it...
We in Montenegro are exporters of the electricity cause our market is small and we got some big dams in northern Montenegro. Our monthly electricity bills are like 30-60 euros, depending what the month is. We use our ACs LITERALLY non stop if we wish too. Central and southern Montenegro can get similar summer temps like some parts of Spain. 35C to 40C and above 40C. Our record is 44,7C. Really surprised that the situation is such that you can't even use your AC?...Sometimes it could be question of life and death, for elderly, kids and people with some chronic illness, not to be able to use your AC. I am more and more thankfull that our electricity is so cheap. God knows other things are expensive here, for our salaries that are similar to southern Italy or Greece.
@@Just_another_Euro_dudeWhat is the electricity cost per kWh? And how does your country generate electricity?
If today was 1st April I'd call this a clever bit of satire......
They should talk also about the previous government, that was 'taxing' the sun! To prevent people going for greener energy
Yes, I couldn't believe they were taxing storage batteries until recently. It was a shame as a lot of European countries lost out on the Solar revolution by protecting their fossil fuel suppliers.
We have an environment crisis, having more renewable energy than needed, isn’t a crisis! Spain can sell that exceeding energy to other countries in Europe, if it is not using it all.
"On the sun soaked plains of central Spain solar farms are a common sight"
Good alliteration :)
Connect it to the European grid and sell it to the Germans
Why is oversupply a crisis? Legit question
So in reality personal energy generation at home is so good in Spain big companies are loosing money. The horror!
So?
Excess supply is there because of lack of battery storage. Gas fired power plants are still needed for windless nights. Using those power plants as just backups is insanely expensive. This price is not taken into account when they claim solar and wind is cheaper than ff powerplants.
I'm massively for the idea of feeding periodic renewable excess generation into hydrolysis for green hydrogen and then into synthetic fuels.
So the problem is there is more renewable energy than can be used in Spain? How about just send the excess to the next country along?
Why is this considered a problem???
Why has this report acting like this is a bad thing, this is exactly what we need to be doing to bring down bills and provide clean energy.
Well done Spain.
Can they not sell their electricity abroad?
Surely they could use the surplus to produce hydrogen as a form of energy storage
How about using the extra power for desalination plants. The country keeps having droughts and access to fresh water is dropping
Already do... Spain has over 700 plants, way more than anybody else in Europe
@@manuelrodriguez2637 country looks like they are investing in many of the right areas
This is not a crisis! This is a good thing ! We should all be looking at renewable energy, becoming more energy efficient, GREENER! A healthier planet is a happy planet!
It’s hard for me to understand what exactly the crisis is. Maybe BBC had to fill 4 minutes of broadcasting with something and that’s what they came up with.
That excess energy can be sold to other nearby countries. The energy companies know this but don’t like “sharing” excess energy.
They are downplaying the absolute boom in home PV installations to counter the high energy prices.
That is why the demand is so low - people are cutting out the overpriced corporates as they can do it cheaper for themselves.
I am Spanish and live in Spain. In the last tree years since I installed solar panels on my roof, my electricity consumption has dropped by more than 60%. Like me, there are hundreds of thousands of homes. It is not surprising that the grid’s power consumption has decreased since consumption occurs on-site. Also thousands of companies have installed solar panels with the same result.
What the BBC should investigate is whether grid consumption has decreased by adding on-site consumption. This is complicated because the producers do not send to any body the quantity of local production from their installation, only the exported quantity.
If there is over-production the challenge is to store the excess. Spain is a mountainous country where it would not be difficult to put water pumping stations that during the day would raise water to reservoirs at altitude to drop water and move turbines when there are demand .
Shouldn't this be celebrated, how is this even a problem
Same problem in Pakistan.
Government decided to put a tax on Solar, so much so that's it not worth making renewable energy anymore.
This is not a renewables problem it’s an issue relating of adaptation as industries and markets fail to keep pace
I was think BBC will blame Chains overcapacity.
My friend in Spain gets free electricity on days when renewable generation is high. In the U.K. I only heat the house for 1 hour in the Morning and 1 hour in the evening during the winter and my bill is £3000 a year for a small 2.5 bed house.
If they get abundant cheap clean energy then they can use it for industries thay would otherwise be unprofitable. Iceland has a massive aluminium refining industry and a growing green hydrogen production industry just because they have loads of geothermal power to spare. They could also just build more cables and grid scale energy storage to make it easier to export to other countries.
Surely for the Industry, you just start... exporting?
How about selling excess energy to the neighbouring countries?
Been happening in Australia where wholesale electricity prices often go negative. Energy retailers have responded and introduced plans where electricity is free between 11am and 2pm. So you then smash your AC, dishwasher, washing machine and EV between those times.
Next step is household battery take up.
Use the excess energy to create green hydrogen - turn it into a major producer for green hydrogen which could become the fuel of the future.
Well done Spain, make every home & business energy self-sufficient.
The price of wind and sun can’t be manipulated by opec.
some of the best news we’ve heard in decades and you’re calling it a crisis ?
Fear, is that all you have. It's not a crisis, it's an opportunity.
Good, let power stations using non renewable be shut down or be on standby.
Every home installation should have a battery back up to store the energy to provide some stability no point dumping on the network when not needed