French power prices reach 2013 lows as solar generation surges
Updated
Updated · Bloomberg · Apr 24
French power prices reach 2013 lows as solar generation surges
7 articles · Updated · Bloomberg · Apr 24
French electricity prices have fallen to their lowest levels since 2013, with European power prices also plunging due to a surge in solar output this week.
Clear skies and relatively cool temperatures have boosted panel efficiency, leading to solar generation well above seasonal norms across western Europe, according to MetDesk forecasts.
The increased solar supply is expected to persist through the weekend, continuing to flood regional grids and exert downward pressure on electricity prices.
Why are European power prices plummeting while US electricity costs continue to soar?
Can Europe build batteries fast enough to stop cheap solar power from crashing the grid?
Why aren't Europe's record-low wholesale power prices lowering household energy bills?
Does the surge in negative prices prove Europe's electricity market is fundamentally broken?
Is the 'solar rebound effect' a hidden threat to Europe's entire green energy strategy?
Are cheap renewables creating a hidden 'system cost' that will ultimately raise prices?