You are here

electricity

How EV Adoption Will Impact Oil Consumption (2015-2025P)

Subscribe to the Elements free mailing list for more like this

The EV Impact on Oil Consumption

This was originally posted on Elements. Sign up to the free mailing list to get beautiful visualizations on real assets and resource megatrends each week.

As the world moves towards the electrification of the transportation sector, demand for oil will be replaced by demand for electricity.

Germany Forced To Pay Consumers To Use More Electricity

Germany Forced To Pay Consumers To Use More Electricity

A stormy weekend led to free electricity in Germany, as Bloomberg reports wind generation reached a record, forcing power producers to pay customers the most since Christmas 2012 to use electricity.

Power prices turned negative as wind output reached 39,409 megawatts on Saturday, equivalent to the output of about 40 nuclear reactors.

 To keep the grid supply and demand in balance, negative prices encourage producers to either shut power stations or else pay consumers to take the extra electricity off the network.

Pages