European power prices have fallen below zero for a record number of hours this year, as the rapid development of solar and wind generation outpaces the continent’s ability to deal with excess supply.
Electricity prices fell into negative territory for 7,841 hours across the continent during the first eight months of the year, according to consultancy ICIS, with prices falling below minus €20 ($22) per megawatt hour in some instances.
Power prices can be highly volatile and sensitive to…
Read the full article here