New Energy
Strong Wind Generation Turns European Power Prices Negative
Onshore wind turbines in Wilhelmshaven, Germany.
Photographer: Liesa Johannssen/BloombergThis article is for subscribers only.
Strong wind generation and low demand during the holiday period sent electricity prices below zero in Germany, while wholesale markets turned negative for some hours in France, Denmark and Britain.
The German day-ahead price for Dec. 24 fell to -€3.37 ($-3.72) a megawatt-hour and €0.41 for Dec. 25, according to data from Epex Spot SE, the Paris-based power exchange. The contract for Wednesday, the first working day after Christmas, was €60.80.