German Electricity Prices Swing From Zero to Nearly €400/MWh as Solar Generation Fades
By
Eva Brendel
Yesterday's bagel. Skim it, don't savour it.
Summary
German power prices are experiencing extreme volatility, with electricity trading near zero at noon due to abundant solar generation meeting all demand, then surging to nearly €400 per megawatt-hour in the evening as solar output fades and wind generation remains weak. This highlights the challenges of renewable energy intermittency in Germany's power grid.
Key quotes
· 3 pulledGerman power prices will swing sharply on Thursday, with electricity trading close to zero at noon before surging to nearly €400 ($465) a megawatt-hour in the evening as solar generation fades.
The country is awash with electricity during the day, with solar output meeting all demand around noon, according to the Fraunhofer Institute.
But conditions will change quickly later in the day as the sun sets and wind generation is set to remain weak throughout.
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