German energy market records 78 hours of negative prices in May
Rabot Charge’s monthly analysis shows significantly more hours with negative prices on the Germany electricity market than in April. However, the average price in daily transactions was €6.72 ($7.32)/kWh – higher than in the previous month.
Electricity prices decrease in most European markets
Prices in the majority of major European electricity markets fell during the first week of May, according to analysis from AleaSoft Energy Forecasting. The exception was in the Iberian market of Portugal and Spain, but prices remain lower there than anywhere else.
Germany records 50 hours of negative electricity prices for April
Average retail prices fell to €6.24 ($6.70)/MWh on the German electricity spot market in April, largely due to renewables covering about 70% of the network load.
Negative electricity prices registered in nearly all European energy markets
Spanish consultancy AleaSoft Energy Forecasting recorded negative hourly electricity prices for all but one European energy market it analyzed during the first week of April, including in the Spanish and Portuguese markets for the first time. It also registered an all-time production record for photovoltaic energy in Portugal and the second highest value ever recorded in Italy.
Negative energy price drives loss of Netherlands solar incentives
Negative energy prices for more than six hours mean the Dutch government will pay no renewables incentives under its SDE+ program for March 29. The plunging electricity price was caused by slumping demand for energy as restrictions were put in place to help prevent the spread of Covid-19.
