The latest analysis of ALEASOFT Energy Forecasting finds most major European electricity markets experienced negative electricity prices last week, with Portugal and Spain registering their lowest figures per hour in history on 30 March.
Most major European electricity markets registered negative electricity prices during the fourth week of March, according to analysis by ALEASOFT Energy Prognosing.
The Belgian, British and French markets registered negative electricity prices on 30 March, while the Dutch and German markets also registered negative prices on 28 March. The Portuguese market recorded negative prices on three separate days last week, while the Spanish market saw negative prices for five consecutive days.
PV -Magazine
In April’s Power Purchase Agreement (PPA) -oriented edition of PV -MagazineWe consider the benefits and limitations of 24/7 Clean Energy Power Matching for environmentally friendly companies. We also look at a potential legislative threat to the American solar -sun that outweighs the hit of import tariffs, keep an eye on the Chinese Zonne -Zon -Zon, while the nation completes the transition of subsidized PV and the case for robots is to replace people when it comes to panel installation.
According to ALEASOFT, both the Portuguese and the Spanish markets reached their lowest hour prices in their history on March 30, with Spain recording -€ 5.21 ( -$ 5.74)/MWh between 14:00 and 15:00 and Portugal reach -€ 4.00/MWh, between 11:00 and 12:00.
The inflow of negative prices contributed last week to weekly average electricity prices under € 95/MWh on most major European markets. The exception was the Italian market, where the weekly average reached € 119.27/MWh. The Nordic market continued to have the lowest weekly average, at € 24.96/MWh.
Compared to the week before, ALEASOFT noted an increase in the weekly average electricity price in the Belgian, Dutch, French and German markets and a decrease in the weekly average price for the British, Italian, Nordic, Portuguese and Spanish markets.
ALEASOFT says that a decrease in prices for weekly gas and CO2 emission surcharge and a decrease in electricity demand in some markets has led to lower prices, while a decrease in the production of wind energy has contributed to a price increase of others.
The consultancy predicts a mixed picture for the first week of April, whereby prices are expected to fall in France and Germany, but increase in Portugal and Spain.
The fourth week of March also saw the production of solar energy in Portugal and Spain increasing, which contributed to the decrease in the electricity price in these markets. The production of solar energy fell throughout France, Germany and Italy last week.
ALEASOFT predicts that the production of solar energy will increase in Germany in the first week of April, but will decrease in Italy and Spain.
This content is protected by copyright and may not be reused. If you want to work with us and reuse part of our content, please contact: editors@pv-magazine.com.
