💡 What was particularly noteworthy on the electricity markets (gas &/electricity) this month?
„May turned out to be an exciting month for the electricity markets. As we had anticipated in our April market update, there were an incredible number of negative prices in May. Germany even had 10 consecutive days of negative prices, meaning that solar-driven negative prices were recorded even on normal weekdays in Germany. The last day of May showed just how crazy the markets can get. Extreme prices at both ends of the spectrum—€9,999/MWh (4:00–4:15 p.m.) and €9,999/MWh (3:30–3:45 p.m.).„
🧐 Why? Lots of #PV and sunshine. ☀️ ☀️ ☀️
🔮 What's next? June looks set to set yet another solar-driven volatility record!
Stay tuned for the next Market Insight with ESFORIN!
