Twin Peaks and Troughs: Autopsy of a Negative Price Convergence
By Philippe Vassilopoulos
On January 1 and 2, wholesale power prices in Central Western Europe converged in negative territory for the first time, as strong winds in Continental Europe combined with low demand. IHS CERA provides a detailed analysis of the events that led to this situation, the utilization of the different technologies in reaction to negative prices, and the bidding behavior of market participants on the power exchange....
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