Negative power prices have been a huge topic in European power markets this year, as the number of negative price hours has surged in many markets. Our French power markets team has pulled together a public report on this available on link below. Key drivers of negative prices are: - Strong growth in renewables deployment - High renewables generation in some months (this was a strong driver in I Paris in Spring) - Inflexibilities in the system eg nuclear in France, coal in Poland and Germany - Low power demand, partly linked to weak industrial demand - France in particular ‘imports’ negative prices from neighbouring markets in periods of oversupply.
🔍 Why are #NegativePrices spiking in #France's power market? 📥 Download our latest public report to learn more: https://lnkd.in/dRXxhVTw With over 320 hours logged this year—twice the 2023 total—France faces unprecedented price drops driven by low demand, high #renewables, and external subsidies. Our latest report breaks down: • What’s driving negative prices in France? • How much is bidding strategy vs. oversupply? • What’s next for negative prices? Reach out to Maricruz Alvarez at [email protected] if you have any questions. Pierre DENNERY Matthieu Stephant Jonathan Hoare #AuroraEMEA #AuroraEnergyResearch #RenewableEnergy #EnergyMarket #EnergyTransition