| Spain: https://oilprice.com/Latest-Energy-News/World-News/Spain-Enj... ("Spain Enjoys Cheap Electricity Amid Record Renewable Energy Output") > Spanish power prices have tumbled in February to a fraction of the price in neighboring France as record wind and solar power generation in Spain has triggered an extreme slump in prices. > Day-ahead electricity prices for Thursday settled at just $5.20 (4.80 euros) per megawatt-hour (MWh) in Spain, compared to as much as $68.86 (63.59 euros) per MWh for France, according to data compiled by Bloomberg.
France relies mostly on its vast domestic nuclear power generation for most of its electricity needs and is typically a net exporter of electricity to neighboring countries. > But as Spain’s wind and solar power generation hit new records early this year, Spain has been exporting electricity since February 21, according to grid data cited by Bloomberg. Spain is currently selling electricity even to France. > Solar and wind power generation in Spain is expected to have hit a record high this month and high output is set to continue into March, per Bloomberg models. > Cheap power prices have hurt the profits of Spanish utilities but they have been a boon to consumers as retail prices have reflected lower wholesale electricity prices. https://app.electricitymaps.com/zone/ES?wind=false&solar=fal... ("Electricity Maps: Spain") |