Germany’s Windy Weather Drags Power Prices Below Zero Again
Winds next week are expected to reach their strongest since February, a Bloomberg model shows.
Photographer: Krisztian Bocsi/BloombergWindy weather has returned to Germany, pushing down electricity prices in a market already contending with a boom in solar power.
The country has seen much more blustery weather this month, restoring wind-energy generation after prolonged periods of unusually calm conditions during the winter. That’s dragging prices below zero more of the time, wiping out returns for investors but also forcing costlier, fossil-fueled generators offline.