Energy Prices Turn Negative in Europe as Renewables Abound.

Strong wind and solar output in Europe is causing energy prices to turn negative, as milder weather reduces demand. Germany experienced negative day-ahead prices for 8 hours, the lowest since July 13, due to an increase in wind generation. France, the Netherlands, Belgium, and parts of the Nordic region are also seeing negative prices. While renewable energy generation is expected to remain high, an increase in temperatures could lead to higher prices if cooling demand picks up. French nuclear operator Electricite de France SA has shut off one of its power plants due to suppressed prices. [Extracted from the article]