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.
Storage is important, yes, but it’s mostly a pipe dream. Few grid scale storage options are sufficiently scalable, and all storage is inherently inefficient.
We have a steel mill. We currently run it on nuclear power, overnight, during off-peak hours. If we want to switch it from nuclear to solar, do we continue to operate it at night off of pumped storage and batteries? Or do we move it to daytime operations? The former is “supply shaping”: adjusting our production to meet demand. The latter is “demand shaping”: adjusting our consumption to meet available supply. That’s the kind of thing we need to focus on.
At home, the single most important thing we need is mixing valves on our hot water tanks. These add cold water as needed to maintain a constant output temperature. This allows a variable, smart thermostat on the tank, that will superheat water when power is cheap, and let it fall when power is expensive. When solar excesses push rates too low, all of our water heaters start kicking on, sucking up cheap power during the day, and holding it through our night and morning showers.
