Featured in Solar springs eternal – 09-2023

Europe’s power price rollercoaster

Almost every weekend since Easter, European generators have been paid to power down plants but some Northern European nations are experiencing record electricity prices. An energy system set up for fossil fuels is in urgent need of reform, according to Gerard Reid, co-founder and partner of Alexa Capital.

By

pv magazine

07 Sep 2023

Image: pv magazine

The most extreme situation in European electricity markets this year occurred during the first weekend of July. Europe saw, for most of the day, negative wholesale prices across the whole continent, from Finland to Spain.Paradoxically, consumers in countries such as Ireland and Denmark are currently dealing with record-high retail electricity prices that are more than …

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