On Thursday, the share of Renewable Energy Sources (RES) in electricity generation was high, directly driving wholesale prices down to €66/MWh. Specif
Driven by a high share of renewable energy in the European electricity market, wholesale prices fell to €66/MWh on Thursday, peaking at €172.
On Thursday, the share of Renewable Energy Sources (RES) in electricity generation was high, directly driving wholesale prices down to €66/MWh. Specifically, the daily peak price reached €172, while during midday, prices dropped to €0 for six consecutive hours, reflecting typical market dynamics of RES oversupply.
This pricing pattern stems from the marginal cost advantage of high-penetration RES, particularly during peak solar generation hours, leading to significant downward pressure on the electricity market. Industry analysis indicates this phenomenon may accelerate investment in and application of energy storage technologies (such as pumped hydro storage and thermal storage systems) to enhance system flexibility and balance supply-demand fluctuations.
Overall, this pricing dynamic highlights the dual impact of high-penetration RES on electricity market operations: driving energy transition while introducing economic challenges that require mitigation through market mechanism optimization.
url:http://energypress.gr/news/sta-66-eyro-i-timi-hondrikis-tin-pempti-exi-midenikes-ores-mesimeri
