In recent years, the renewable energy sector has undergone a radical transformation, with the growing diffusion of wind and solar energy in many countries. This change has led to an incredible situation: in some cases, consumers can even be paid for the use of electricity. And it’s not just a theory, but a reality experienced by a man (Jeroen Van Diesen) in the Netherlands who found a way to earn from the use of electricity.
The man who makes money using energy: Jeroen Van Diesen
Jeroen Van Diesen, a Dutch software vendor, has discovered an innovative strategy to take advantage of fluctuations in energy prices. As reported by Wall Street JournalVan Diesen chose energy providers that offer hourly rates, tied to the wholesale price of energy. In countries like i Netherlandswhere renewable energy production is growing rapidly, these fluctuations are common.
Thanks to the abundance of wind and solar energy, combined with i government subsidies for green energy, energy prices can often drop below zero. This means that, at certain times, suppliers actually pay consumers to use excess energy produced.
Van Diesen has used this situation to his advantage: in the last five months, he has earned approx $34 recharging his car electric during the moments when i prices of energy were negative. “I’m charging the car for free,” he told the Wall Street Journaladding: “For me it’s also a hobby and a game: how far can I go?”.
Energy prices below zero: an increasingly frequent reality
The phenomenon of sub-zero energy prices is not just limited to the Netherlands. In many parts ofEuropelike Finland and Spain, renewable energy production has led to an increasing number of hours in which prices fall into negative territory. According to the Financial Timesin the first eight months of 2024, electricity prices in Europe were negative by a record 7,841 hours.
While the current situation seems beneficial to some consumers, like Van Diesen, the future of negative pricing is uncertain. Many experts predict that as renewable energy capacity increases, this situation could extend to other countries, such as the United States, which is experiencing an increase significant of solar energy production. For example, in Californiagreen energy has flooded the grid, leading to a surplus and, in some cases, negative prices. However, most Americans still do not have access to hourly pricing systems like those in use in the Netherlands, mainly due to stricter regulations.
At the same time, i government subsidies that support renewable energy could be reduced in the future, making negative price events less frequent. In particular, with the growing popularity of solar panels on the roofsgovernments may decide to reduce subsidies for solar energy, leading to greater price stability.
The power of energy saving
The story of Jeroen Van Diesen proves that, with the right knowledge and strategy, it is possible save and even earn using electricity. Howeveris also a clear example of how the energy sector is constantly evolving, and current opportunities may not last forever. If you want to find out how to make the most of energy opportunities, continue to follow us for further updates and advice on how to save on your energy bill.
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