Electricity prices fell into negative territory again over the weekend. Experts say this will continue until September

Electricity prices on European day-ahead markets fell into negative territory again over the past weekend, as strong solar generation was once again joined by wind power, particularly in neighbouring Germany. Although electricity prices did not fall hundreds of EUR/MWh below zero, as they did during the first weekend of July, they were still tens of euros below zero in some hours. According to some experts, this situation is likely to persist until September, when solar power generation is set to decline more significantly.

Europe once again experienced a combination of windy and sunny weather over the past weekend, which, as on previous weekends, had an impact on electricity prices in spot markets.

The combination of strong renewable generation and weaker weekend electricity demand once again drove prices sharply down across Europe. In Germany, electricity prices for Sunday delivery fell into negative territory for 13 consecutive hours, while on the Czech market they did so for 14 consecutive hours.