Last week, the Netherlands had, on average 4 hours per day with a negative day-ahead power price.
Until now, the Netherlands had 155 of such hours this year, compared to 65 last year in the same period, and 31 in 2022. A significant increase. We see this in most European countries.
The expansion of solar and wind occurs much quicker than the increase of power demand. Consequently, negative and near-zero power prices, with significant curtailment of solar and wind, will become more common.
