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, September, 17, 11:47:00
ENERGY TRANSITION TO CARBON NEUTRALITY AS A FACTOR OF UNPRECEDENTED ACCELERATION OF GLOBAL WARMING
The article reveals the reasons for the unprecedented acceleration of global warming, which was reported by the IPCC in the report "Climate Change 2021", offers proposals for their elimination, as well as for eliminating their consequences.
NEGATIVE ELECTRICITY PRICES
2021, September, 17, 11:45:00
NO NUCLEAR FOR SPAIN
Under Spain's nuclear phase-out policy, its nuclear fleet is scheduled to shut down by 2035.
NEGATIVE ELECTRICITY PRICES
2021, September, 17, 11:40:00
WIND ENERGY FOE CHILE 980 MW
The US$700m project, which is expected to generate 2 TWh/year, will include 140 turbines with a maximum power of 7 MW.
NEGATIVE ELECTRICITY PRICES
2021, September, 17, 11:35:00
U.S. OIL INVENTORIES DOWN BY 6.4 MB TO 417.4 MB
U.S. commercial crude oil inventories decreased by 6.4 million barrels from the previous week to 417.4 million barrels.
NEGATIVE ELECTRICITY PRICES
2021, September, 16, 14:00:00
OIL PRICE: ABOVE $75
Brent was up 11 cents, or 0.2%, to $75.57 a barrel, WTI was up 11 cents, or 0.2%, to $75.57 a barrel.
NEGATIVE ELECTRICITY PRICES
2021, September, 16, 13:50:00
EUROPEAN CLIMATE ADAPTATION
Adaptation measures include flood prevention measures and renovating buildings to make them more resilient to extreme temperature. The changes required vary across the continent, but recent events have shown that climate change poses a threat to Europe’s cities.
NEGATIVE ELECTRICITY PRICES
2021, September, 16, 13:45:00
GAS IS A KEY
Despite adaptations of new fuels and technologies to help achieve the net-zero goal, natural gas will continue to play a vital function for the foreseeable future.
All Publications »