Solar Power Surge Sinks Europe’s Electricity Prices Deep Below Zero ...Middle East

OILPRICE - Economy
Solar Power Surge Sinks Europe’s Electricity Prices Deep Below Zero
source : OILPRICE ( Middle East ) () 21
A sunny weekend in northwest Europe plunged power prices in the region to hundreds of euros below zero on Sunday afternoon as solar generation soared. Spot power prices in Belgium sank to as low as -$302 (-266 euros) per megawatt-hour (MWh) between 1 p.m. and 2 p.m. on Sunday, according to data from Epex Spot SE cited by Bloomberg. During the same hour, power prices in Netherlands plunged to -$215.60 (-189.90 euros), while prices in Germany dropped to -$147.40 (-129.81) per MWh. Negative power prices, while beneficial for some consumers in some…

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