It’s still not earning you money to spend electricity because you still have to pay the transfer fee which is around 6 cents / kWh but it’s pretty damn cheap nevertheless, mostly because of the excess in wind energy.
Last winter because of a mistake it dropped down to negative 50 cents / kWh for few hours, averaging negative 20 cents for the entire day. People were literally earning money by spending electricity. Some were running electric heaters outside in the middle of the winter.
A negative price is absurd and has no physical reality, it is the result of speculation and abstract rules not grounded on reality. It always costs to build and operate whatever power source and networks were involved, you don’t have to pay electricity to f*ck off if you produce too much of it.
The issue is baseload generation like nuclear: we can’t switch it on and off quickly; we can’t ramp it up or down fast enough to match actual demand. There are times where we have to keep it online during a surplus, when we know that surplus will drop off and leave us with a shortage.
Combine that with variations between forecasted and actual weather conditions affecting solar and wind production, and yes, we will occasionally have surplus power to deal with.
The long-term solution is better demand shaping methods, to make use of any amount of power in excess of normal consumption. But until we have the ability to switch on loads and suck up such excesses, we are going to have this problem from time to time.
Sure, but if there is too much electricity on the net, things will start to break. That electricity has to go somewhere. No one wants to buy electricity because everyone is trying to get rid of their surplus.
About the negative, I don’t know.
It’s not any different than most physical goods. Whatever you can’t sell before it goes bad, you have to pay someone to take off your hands using real resources (dumpsters, trucks, human labor).
Too much electricity in the system is harmful, and if nobody wants to buy it, then you have to pay someone to take it out of the system.