RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2020-10-02 11:00:00

NEGATIVE ELECTRICITY PRICES

NEGATIVE ELECTRICITY PRICES

WNN01 October 2020 - Negative power prices have swept across Europe in the first nine months of 2020, with excess power in the market resulting in consumers being paid rather than charged to use electricity, according to a new study by European power market data analyst EnAppSys. European countries on average saw negative day-ahead prices almost 1% of the time (0.8% on average). These levels were typically three to four times higher than those seen between 2015 and 2018, and more than twice those in 2019.

The reduction of electricity demand in 2020 gives an insight into the impact of what increased renewable capacity might look like.

Markets with high wind generation such as Ireland, Germany and Denmark have been particularly affected by negative pricing as peak levels of wind output started to outpace the COVID-19-influenced levels of demand for power consumption. Belgium has also seen particularly low prices as the combination of high nuclear and solar generation have at times oversupplied the market during periods of low demand.

"It is here that we see one of the key challenges of renewables: their intermittency. Where the average output of a solar panel over a year might be 8% or the average output of a wind farm is around 30%, the peak output values will be very close to 100% of the potential output," Alena Nispel, business analyst at EnAppSys, said.

"The levels of demand for electricity are similarly intermittent. In the past it was possible to pair intermittent demand for electricity against a non-intermittent supply of generation (coal/gas power stations) but pairing an intermittent supply (wind and solar) against an intermittent demand creates challenges," she added.

Electricity storage can act to reduce these impacts, at least as far as it is economically sensible to do so, she said, and new technologies such as synchronous condensers can help to reduce the generation required from conventional power sources.

Countries in which renewable generation makes up only a small part of the overall power mix - such as Poland - tend to operate in a less volatile market, according to the study.

-----


Earlier:

NEGATIVE ELECTRICITY PRICES
2020, September, 29, 12:30:00
ELECTRICITY MARKET MODERNIZATION
A key result that also emerges from our work is that electricity markets must be modernised because existing market structures make investment in any unsubsidised low-carbon technology very difficult.
NEGATIVE ELECTRICITY PRICES
2020, September, 25, 12:35:00
EUROPE'S CLIMATE TARGETS
These goals are appropriately ambitious, while also realistic and achievable. Climate change mitigation is not a luxury but a necessity if we want to avoid a climate crisis.
NEGATIVE ELECTRICITY PRICES
2020, September, 18, 12:15:00
EUROPE NEED NUCLEAR POWER
In tandem with renewable energy, the flexibility of nuclear will enable the transition to a cleaner world and a stronger global economy.
NEGATIVE ELECTRICITY PRICES
2020, September, 16, 11:40:00
ENERGY TRANSITION FOR CLIMATE
as the energy transition continues in its switch from fossil fuels to renewables, the entire energy system gets increasingly disrupted.
All Publications »
Tags: ELECTRICITY, POWER, PRICE
Chronicle:
NEGATIVE ELECTRICITY PRICES
2021, June, 25, 12:24:00
HYDROGEN RUSSIA AND CIS, Moscow, 20-21 October 2021
International Conference and Exhibition ‘Hydrogen Russia and CIS’ brings together more than 200 senior executives of hydrogen production plants from Russia and the CIS
NEGATIVE ELECTRICITY PRICES
2021, June, 25, 12:23:00
ПЕРСПЕКТИВЫ РАЗВИТИЯ И МОДЕРНИЗАЦИЯ УГОЛЬНЫХ ПРЕДПРИЯТИЙ РОССИИ
Восток Капитал приглашает Вас принять участие в бесплатном вебинаре в рамках подготовки к международной конференции и выставке «Уголь Россия и СНГ» на тему: «Перспективы развития и модернизация угольных предприятий России», который состоится 16 июля, 13:00 (МСК).
NEGATIVE ELECTRICITY PRICES
2021, June, 25, 12:20:00
U.S. COAL PRODUCTION UPDOWN
Through 24 weeks, US output was approximately 279 million st, up 8.9% compared with the year-ago period. It is annualized to be 581 million st for the year, up 8.7% from the previous year.
NEGATIVE ELECTRICITY PRICES
2021, June, 24, 12:20:00
OIL PRICE: NOT ABOVE $76 ANEW
Brent rose 30 cents, or 0.4%, to $75.49 a barrel, WTI climbed 31 cents, or 0.4%, to $73.39 a barrel.
NEGATIVE ELECTRICITY PRICES
2021, June, 24, 12:15:00
U.S. LNG DEMAND UP
Wide spreads between the price of LNG in end-user markets in Asia and Europe and feedgas prices based on the US Henry Hub have been incentivizing robust export activity from the US Gulf and Atlantic coasts.
NEGATIVE ELECTRICITY PRICES
2021, June, 24, 12:10:00
CHINA NEED COAL
A conservative estimate would be for coal consumption of around one billion metric tonnes in 2050, still contributing 10%-15% of China's total energy consumption
NEGATIVE ELECTRICITY PRICES
2021, June, 24, 12:05:00
CHINA COAL PRICES UP
The most-traded coking coal futures contract on the Dalian Commodity Exchange , for September delivery, ended at 2,037 yuan ($314.24) per tonne.
All Publications »