01 Apr '15, 10am

Lack of flexibility results in negative prices in high wind period: GERMANY: Windy weather across Germany in t...

The lowest price was €20.07/MWh for 2am-3am, according to energy exchange EPEX Spot data. Wind generation amounted to 18-20GW over the period, according to Agora Energiewende data. The average base price (known as phelix base) on 30 March 2015 was €16.05/MWh. The average peak price (known as phelix peak) that day was €21.19/MWh. Otherwise, wholesale market prices have been low, but remained positive as traders used market flexibility to adjust to the high volume of wind generation. This reached a maximum of 22GW at around 5pm that day. Negative prices increase the incentive for power station operators and consumers to make their plants more flexible and, in principle, provide a useful market signal, according to consultants Energy Brainpool in a 2014 analysis. Costs are added to the renewable energy levy however, since this covers the difference between the cost of wind en...

Full article: http://www.windpowermonthly.com/article/1341142/lack-flex...

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