Ample energy price fluctuations highlight the need for flexible technologies

Electricity prices in Europe are fluctuating significantly, emphasizing the need for flexible assets due to the increasing share of solar and wind capacity. The market volatility requires better grid balancing strategies as per analysts. Short-term electricity prices are affected by the high upfront costs of flexible gas-fired power plants. Negative price situations are created by low weekend electricity demand and high PV production. PV technologies are expected to reach peak production in May and June.

Source:

https://www.energynomics.ro/en/ample-energy-price-fluctuations-highlight-the-need-for-flexible-technologies/

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