Europe's heatwave drives solar surge, causing negative power prices but no relief for consumers
By
Rebecca Ann Hughes
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Summary
Europe's first major heatwave of the season has driven record May temperatures in the UK and France, causing a surge in solar power output that has led to negative wholesale electricity prices in some regions due to oversupply. However, this does not translate to lower consumer bills. Additionally, extreme heat can actually hinder certain types of renewable energy generation, including solar panels, which become less efficient at high temperatures.
Key quotes
· 3 pulledSunny skies have caused a surge in solar power output, resulting in negative electricity prices in some parts of Europe
While this may sound like a welcome relief for consumers amid spiralling energy costs, this increasing phenomenon won't actually lower your bills.
Soaring temperatures can actually hinder some kinds of renewable energy output.
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