[arpinum]

It does not make private energy storage viable on its own. You need to get enough charge/discharge cycles out of it in a certain time period. This means you need almost daily high price fluctuations. We aren't seeing that in Europe. We see high winds push down prices for multiple days and we see multiple weeks with consistent high prices in the winter, with occasional drops on the weekend.

[__d]

It’s a daily event now in Australia. Very low prices during the middle of the day, and higher in the morning and evening. Anyone with a battery or an EV they don’t need to drive far can play the market, usually with scripted sell/buy trigger points.

There’s enough profit to make the payback period for a decent battery quite short.

[arpinum]

Yes, I see energy-intensive industry moving away from extreme latitudes in the long run. Most of Europe is at an unfortunate latitude and has surprising levels of cloud cover.

[__d]

Yes. Europe has far more wind than Australia, I imagine for that reason.