💡 What were the surprising or eye-catching figures on the electricity markets (gas &/electricity) this month?
„Gas prices have fallen by half since mid-February. And on the electricity market, there were 6 to 7 hours of negative prices per day during the last week of April—even on regular weekdays.“
🧐 What were some possible reasons for the market's behavior?
„A key factor: the ongoing boom in PV installations, which floods the grid with cheap solar power at midday.“
🔮 What are your expectations for next month?
With several holidays coming up, we could be heading toward a record month of negative day-ahead prices and solar power feed-in. Hopefully without the challenges we recently experienced in Spain!
Stay tuned for the next Market Insight with ESFORIN!
