US EditionGermany’s Day-Ahead Market Posts 389 Hours of Negative Prices in H1
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Germany’s day-ahead market posts 389 hours of negative prices in H1
Germany recorded 141 hours of negative day-ahead electricity prices in June, just below the record set in May, bringing the first-half total close to the full-year figure for 2023.From pv magazine Germany Germany’s day-ahead electricity spot price was negative for 162 hours in May, out of a total of 720 hours for the month, according to data from Fraunhofer ISE. Negative prices occurred on 22 of 30 days in June, typically when PV systems were op…
Last week, the price of electricity was the lowest in five years, and on Sunday, a negative daily price was recorded for the first time, the company Litgrid reported.
June sets record: Most hours with negative electricity prices everFor the second month in a row, electricity prices set a record – and in a way that is pleasing to consumers. Never before have there been so many hours in one month.
In June, a further 141 hours were added with negative stock exchange electricity prices. The value was only marginally below the May record. In the first half of the year alone, there were almost as many hours with negative day-ahead electricity prices as in the entire year 2023. On the last day of June, the sun shines in large parts of Germany from a bright blue sky. Day-ahead stock exchange electricity prices are nevertheless not negative on t…
The storage tanks are overflowing and the power producers in Central Norway are selling the electricity at a bargain price.
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