Solar Surge Sends French Power Prices Negative ...Middle East

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Solar Surge Sends French Power Prices Negative
source : OILPRICE ( Middle East ) () 40
France’s solar power generation hit a new record this week, sending intraday electricity prices into negative territory for several hours—a stark reminder of the volatility created by rapid swings in renewable output. At 2 p.m. Thursday, French solar output surged to 19.5 gigawatts, meeting nearly 40% of national demand, according to grid operator RTE. That figure beat Bloomberg’s forecast peak of 18 GW and contributed to a midday glut of electricity that pushed prices as low as -€11 per megawatt-hour, Epex Spot SE data shows.…

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