Storage, hydrogen, and demand flexibility key to avoiding negative prices
- Sep 11, 2024
- 1 min read
European energy markets are experiencing more hours of negative prices due to the expansion of renewable energy. Factors contributing to negative prices include high solar, wind, and hydroelectric production during low demand periods. Generators offer energy at negative prices to ensure sale in the market. More storage capacity is needed to prevent this phenomenon. Countries with greater energy systems integration and flexibility are better protected from recurring negative prices.
Source:
Want to read more?
Subscribe to vitaliydaviy.wixsite.com to keep reading this exclusive post.
