Spot market negative prices are a frequent occurrance, but Germany's renewables thing, coupled with warm windy weather on a holiday, have sent the day ahead market into negative pricing - which Bloomberg sites as being the first time since it's tracking began that day ahead pricing has been negative.
German Utilities Pay Power Users as Warm, Windy Christmas Looms - Bloomberg:
Wind output in Germany is predicted to rise to about 15 gigawatts tomorrow, Meteologica SA, a Madrid-based weather forecaster, said on its website. That compares with an average level of 5 gigawatts, according to data from Leipzig, Germany- based European Energy Exchange AG on Bloomberg.Continue Reading at Bloomberg:
Hourly Prices
The maximum temperature in Frankfurt tomorrow will be 10 degrees Celsius (50 Fahrenheit) versus a five-year average of 3 degrees, CustomWeather Inc. data show. The nation can expect “exceptionally mild weather,” according to a forecast by Deutscher Wetterdienst.
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