Why the Electricity Price in the EU Has Become Negative | CBCGDF Climate Change Working Group

The phenomenon of negative electricity prices in the EU is a complex issue with multiple contributing factors. One major reason is the rapid growth of renewable energy sources. With the increasing installation of solar and wind power plants, there are times when the generation of electricity exceeds the demand.

When the supply of electricity far outstrips demand, power producers may have to pay consumers to take the excess electricity, leading to negative prices. Additionally, the inflexibility of some power plants, especially traditional fossil fuel-based ones, makes it difficult to quickly adjust production levels in response to fluctuations in supply and demand.

 

Furthermore, the EU's energy market regulations and policies also play a role. Some policies encourage the integration of renewable energy, but may not have fully addressed the issue of supply-demand balance. Overall, the combination of these factors has led to the occurrence of negative electricity prices in the EU.

 

Translator: Richard

Checked by Sara

Editor: Richard

Contact: v10@cbcgdf.org; +8617319454776


 

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