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Germany set to pay customers for electricity usage as renewable energy generation creates huge power surplus
Output from wind turbines forecast to hit record on Sunday
German power producers are poised to pay customers to use electricity this weekend.
Wind generation is forecast to climb to a record on Sunday, creating more output than needed and driving electricity prices below zero, broker data compiled by Bloomberg show.
It would be the first time this year that the average price for a whole day is negative, not just for specific hours.
Germany’s grid operators can struggle to keep the balance between how much energy people are using and how much is being produced when there are high amounts of wind…