Germany’s power prices slid on Easter Monday as a surge in renewable energy collided with unusually weak demand, sending electricity costs to deeply negative levels.
Intraday power prices plunged to as low as -€323.96 a megawatt-hour at 3 p.m. local time, according to Epex Spot data. France saw a similar trend, with prices dropping to -€230.31 a megawatt-hour at 2 p.m. The extreme conditions were driven by a combination of strong solar and wind output alongside reduced consumption during the Easter holiday period, when industrial and commercial activity slowed down.
“Massive amounts of wind and solar had to be curtailed in Germany to keep the system stable,” said Stephan Späth, meteorologist and power trader at ANE GmbH & Co. KG.
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opening text:
Germany’s power prices slid on Easter Monday as a surge in renewable energy collided with unusually weak demand, sending electricity costs to deeply negative levels.
Intraday power prices plunged to as low as -€323.96 a megawatt-hour at 3 p.m. local time, according to Epex Spot data. France saw a similar trend, with prices dropping to -€230.31 a megawatt-hour at 2 p.m. The extreme conditions were driven by a combination of strong solar and wind output alongside reduced consumption during the Easter holiday period, when industrial and commercial activity slowed down.
“Massive amounts of wind and solar had to be curtailed in Germany to keep the system stable,” said Stephan Späth, meteorologist and power trader at ANE GmbH & Co. KG.
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https://archive.ph/wip/hytGg
archive is still churning away but this is apparently will be the link.
I wish I had free electricity.