EU power markets cut hourly price floor to -€600/MWh
Updated
Updated · Bloomberg · May 4
EU power markets cut hourly price floor to -€600/MWh
4 articles · Updated · Bloomberg · May 4
The new day-ahead floor follows the previous -€500/MWh limit being hit on 26 April and 1 May in European Union trading.
Under an automatic mechanism overseen by the EU Agency for the Cooperation of Energy Regulators, the floor must fall by €100 if -€350 is reached twice within 30 days.
The move reflects sharp volatility in European electricity markets and expands the range for negative pricing during periods of oversupply or weak demand.
Why are European industries facing closure from high energy costs while the grid is frequently paying to offload surplus power?
With negative prices becoming the new norm, how can Europe's green energy transition remain financially viable for investors?
Is Europe's power grid fundamentally unprepared for its own renewable energy success, leading to market chaos?