Comment on German power prices turn negative as supply outpaces demand amid expansion in renewables

German power prices turn negative as supply outpaces demand amid expansion in renewables

Sheep graze between the panels of a solar park in Germany.Kai Pfaffenbach/REUTERSGerman power prices fell into negative territory for four hours on Thursday.Negative prices are part of a growing trend in Europe amid the growth in renewable power generation.The region has increased renewable power supply after the war in Ukraine led to diminished natural gas flows.

 

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