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European electricity prices tumble into negative territory amid glut of green energy

https://markets.businessinsider.com/news/commodities/european-electricity-prices-negative-green-energy-wind-solar-renewable-demand-2023-7

In the Netherlands, for example, power prices for Sunday afternoon were indicated to be as low as minus 73.76 euros per megawatt hour.

European electricity prices tumble into negative territory amid glut of green energy

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DKKHGGGj

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For a couple of hours last week I was paid to use electricity. Price of eletricity goes negative fairly often, but only a little. On top of the electricity I, having a spot priced contract, pay a margin ~0.5 € cents/kWh and tax and transmission fee. Last two are about 3 cents /kWh. So for me to get paid the price has to be about -7¢/kWh and that has only ever happened during a few hours.