October 08, 2024 08:29 GMT
POWER: France Saw 330 Negative Prices Hours in Jan-Sept 2024
POWER
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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