BusinessPostCorner.com
No Result
View All Result
Wednesday, June 18, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Electricity prices in France turn negative as renewable energy floods the grid

June 16, 2024
in Business
Reading Time: 1 min read
A A
0
Electricity prices in France turn negative as renewable energy floods the grid
ShareShareShareShareShare

French electricity prices turned negative as a drop in demand and surging renewables output prompted some nuclear reactors to power down.

Daily consumption from Thursday through Sunday is seen falling by an average 6 gigawatts, a Bloomberg model shows. Sunny and blustery weather has driven up solar and wind generation, prompting the grid operator to request that Electricite de France SA take several nuclear plants offline.

While more clean power is needed across Europe to reach climate goals, soaring renewables output and a lack of battery storage mean reactors sometimes have to be turned off during periods of low demand. It’s becoming increasingly common around weekends in France — which gets about two-thirds of its electricity from its atomic fleet — and also occurs in the Nordic region and Spain.

EDF halted its Golfech 2, Cruas 2 and Tricastin 1 nuclear plants, and plans to halt three others during the weekend. Some renewables producers will also have to curb generation to avoid paying a fee amid negative prices.

French day-ahead power fell to -€5.76 a megawatt-hour, the lowest in four years, in an auction on Epex Spot. Germany’s equivalent contract dropped to €7.64.

Subscribe to the CFO Daily newsletter to keep up with the trends, issues, and executives shaping corporate finance. Sign up for free.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Inside Out 2 debut: $155 million is best since ‘Barbie’

Next Post

Stock market outlook: Top Wall Street bear reverses and now sees the S&P 500 hitting 6,000

Next Post
Stock market outlook: Top Wall Street bear reverses and now sees the S&P 500 hitting 6,000

Stock market outlook: Top Wall Street bear reverses and now sees the S&P 500 hitting 6,000

Vietnam Just Legalized Crypto — Here’s What the New Law Actually Says

Vietnam Just Legalized Crypto — Here’s What the New Law Actually Says

June 16, 2025
Trump Organization enters mobile phone business

Trump Organization enters mobile phone business

June 16, 2025
Key Republican senator expects ‘revenge’ tax to be delayed

Key Republican senator expects ‘revenge’ tax to be delayed

June 11, 2025
Why Israel chose to strike Iran now

Why Israel chose to strike Iran now

June 13, 2025
Planning to watch a show on Prime Video? Brace yourself for twice as many ads

Planning to watch a show on Prime Video? Brace yourself for twice as many ads

June 12, 2025
Gold overtakes euro as global reserve asset, ECB says

Gold overtakes euro as global reserve asset, ECB says

June 11, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

UK inflation remains highest for more than a year

UK inflation remains highest for more than a year

June 18, 2025
Legal experts and economists sound the alarm over the EU’s sustainability rules rollback

Legal experts and economists sound the alarm over the EU’s sustainability rules rollback

June 18, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!