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POWER: France Saw 330 Negative Prices Hours in Jan-Sept 2024

POWER
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France has had over 330 negative priced hours in the first nine months of 20024, more than double the number for all of 2023 according to a study from Aurora Energy Research. 

  • Negative priced hours in France are forecast to remain high in 2025 but are forecast to fall after next year with increased flexibility and changes in subsidies.
  • Around half of the negative priced hours this year have been near-zero with renewable plants bidding between 0 and 01 €/MWh. These bids are due to bidding strategies to secure a place in the merit order.
  • Negative prices below -1€/MWh are caused by neighbouring markets due to price coupling and interconnectors, with subsidised renewable capacities significantly higher in comparison to demand in the neighbouring markets.
  • Aurora forecasts negative priced hours to decrease in the future with increasing battery and electrolyser capacities. 

  • Battery capacity in France, Germany, Belgium and the Netherlands is forecast to rise by 135% by 2030. 


     

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France has had over 330 negative priced hours in the first nine months of 20024, more than double the number for all of 2023 according to a study from Aurora Energy Research. 

  • Negative priced hours in France are forecast to remain high in 2025 but are forecast to fall after next year with increased flexibility and changes in subsidies.
  • Around half of the negative priced hours this year have been near-zero with renewable plants bidding between 0 and 01 €/MWh. These bids are due to bidding strategies to secure a place in the merit order.
  • Negative prices below -1€/MWh are caused by neighbouring markets due to price coupling and interconnectors, with subsidised renewable capacities significantly higher in comparison to demand in the neighbouring markets.
  • Aurora forecasts negative priced hours to decrease in the future with increasing battery and electrolyser capacities. 

  • Battery capacity in France, Germany, Belgium and the Netherlands is forecast to rise by 135% by 2030.