Official: Spanish Grid Outage Linked to Renewable Instability

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Last weekend, electricity prices plunged below zero once again. At first glance, this seems like good news for consumers, who have already experienced a record number of hours with negative electricity prices this year. But renewable energy also poses problems. These negative prices are, however, one of many symptoms that the energy market is unstable and unbalanced. The cause is an excessive share of so-called renewable energy on the production…