Europe’s negative power prices grow more frequent - Rethink (original) (raw)

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The prevalence of negative power prices on European grids became dramatically more frequent in 2024, as demand fell and the power mix shifted further in favor of intermittent sources. Wholesale prices declined 16% overall compared to 2023, but at the same time price spike events grew more frequent. Demand (and the economy) is stagnant or shrinking, and the pace of wind-solar additions is decelerating in the wake of the 2022 green energy boom, but this is nonetheless a perfect environment for energy storage deployments. Aurora Energy Research has stated that there were 19 hours of negative pricing in the UK in 2022, rising sevenfold to 139 hours in 2024, while Modo Energy has the same statistic rising fivefold from 29…

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