Surging Renewables Push French Energy Prices Negative, Shutting Down Nuclear Plants. French energy prices recently plunged into negative territory, reaching a four-year low of -€5.76 per megawatt-hour in an Epex Spot auction, Bloomberg reported. This unusual occurrence was driven by an excess of renewable energy production combined with reduced demand, particularly over the weekend. The surplus in renewable power led to some French nuclear plants going offline.
UBJ 15th June 2024 read more »
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