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German Negative Prices to Increase Before They Disappear: Statkraft

POWER
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Germany’s negative power prices are likely to intensify before they will be disappearing eventually, Claus Urbanke, VP for solar, wind and storage at Statkraft Germany said on Tuesday, cited by Montel.

  • Germany saw year-to-date 160 traded hours with negative prices in the day-head market. Last year, Germany saw 301 hours, Bnetza and exchange data showed.
  • Germany has been trying to avoid more negative prices by reducing incentives for investments into renewable energy capacity.
  • A study from think tank NEO showed earlier this week that the case of negative hours intensifies if neighbouring countries build new renewable capacities.
  • One of the solutions to fight negative prices is the rollout of smart metering in Germany’s households and businesses. However, the rollout has been slow compared to other European countries, Urbanke said.
  • Another solution is flexible demand from energy storage, such as hydro pumps or batteries, he added.
  • The buildout of transmission lines to connect Germany’s renewable-heavy North and industrial South will be another solution, with at least three lines are currently under construction, Katja Wuenschel, CEO of RWE Renewables Europe and Australia, said.
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Germany’s negative power prices are likely to intensify before they will be disappearing eventually, Claus Urbanke, VP for solar, wind and storage at Statkraft Germany said on Tuesday, cited by Montel.

  • Germany saw year-to-date 160 traded hours with negative prices in the day-head market. Last year, Germany saw 301 hours, Bnetza and exchange data showed.
  • Germany has been trying to avoid more negative prices by reducing incentives for investments into renewable energy capacity.
  • A study from think tank NEO showed earlier this week that the case of negative hours intensifies if neighbouring countries build new renewable capacities.
  • One of the solutions to fight negative prices is the rollout of smart metering in Germany’s households and businesses. However, the rollout has been slow compared to other European countries, Urbanke said.
  • Another solution is flexible demand from energy storage, such as hydro pumps or batteries, he added.
  • The buildout of transmission lines to connect Germany’s renewable-heavy North and industrial South will be another solution, with at least three lines are currently under construction, Katja Wuenschel, CEO of RWE Renewables Europe and Australia, said.