Updated
Updated · Bloomberg · May 8
French solar generation sends intraday power prices below zero
Updated
Updated · Bloomberg · May 8

French solar generation sends intraday power prices below zero

7 articles · Updated · Bloomberg · May 8
  • Output hit a record 20 gigawatts on Friday, beating RTE forecasts and topping the previous peak set in July.
  • The unexpected surge created an electricity oversupply, so prices only turned negative in intraday trading rather than in the day-ahead market.
  • Usually, strong solar forecasts push day-ahead prices below zero before delivery, but this record was not priced in on Thursday.
When clean energy is so abundant, why must producers pay to give it away on the grid?
Can electric cars and smart grids rescue France's power network from its own clean energy success?