Overproduction of green electricity is pushing prices down to negative levels
- Admin
- Jul 23, 2024
- 1 min read
The overproduction of green electricity, particularly from photovoltaic and wind energy sources, has led to a situation where electricity is being sold at negative prices in some markets. This trend is highlighted by examples from France, Switzerland, and South Australia, where significant hours of electricity production have been recorded at negative prices. The imbalance between supply and demand, compounded by the challenges in storing electricity, has caused prices to drop to unprecedented levels. The negative prices have implications for the energy sector and necessitate a call for increased flexibility in the energy system to better manage supply and demand.
Source:
Want to read more?
Subscribe to vitaliydaviy.wixsite.com to keep reading this exclusive post.
