Solar PV Energy Breaks Records & Together With Wind Energy Lowers European Electricity Markets Prices

This technology and the wind energy contributed to lower the prices of most European electricity markets. Negative values or the lowest in recent months were registered in several of them. Gas prices fell, also favouring the drop in electricity markets prices. Spanish electricity futures for the next quarter registered a rise of more than 30%.

For the week as a whole, the increase in production in the Italian market was 48% and in the French market 24%, compared to the previous week. In the German market, the increase in solar energy production was 11%, while in the Iberian Peninsula, where it includes the photovoltaic and solar thermal energy, it was 7.0%.indicates a reduction in the production of the Spanish and Italian markets, while on the contrary an increase in the production of Germany is expected.

For the second week of April, the AleaSoft Energy Forecasting’s forecasts indicate a general reduction in production with this technology.Electricity demandof between 1.5% and 4.2% compared to the previous week in the markets of France, Germany, Spain and Portugal. However, in the markets of Italy, Belgium, the Netherlands and Great Britain, the demand fell, with the latter registering the largest decrease, of 7.7%.

On the other hand, on Saturday, April 9, in the afternoon, negative hourly prices were reached in the markets of Germany, Belgium and the Netherlands. In the case of the Belgian market, there was also an hour with a negative price on Thursday, April 7.

If you live in England, Wales or Scotland you can buy a share in a community wind farm by RippleEnergy but be quick as share offer ends 3rd May. Here is a £25 referral link for more details

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