Electricity prices in France turn negative as renewable energy floods the grid
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Re: Electricity prices in France turn negative as renewable energy floods the grid
#2> French day-ahead power fell to -€5.76 a megawatt-hour, the lowest in four years, in an auction on Epex Spot. Germany’s equivalent contract dropped to €7.64.
If true - how fast could a new transmission line from France to Germany pay for itself?
Re: Electricity prices in France turn negative as renewable energy floods the grid
#3> French day-ahead power fell to -€5.76 a megawatt-hour, the lowest in four years, in an auction on Epex Spot. Germany’s equivalent contract dropped to €7.64. If true - how fast could a new transmission line from France to Germany pay for itself?
Re: Electricity prices in France turn negative as renewable energy floods the grid
#4They ought to flood something towards Denmark. Right now, in this moment, I pay roughly 0.49€ (3.66 DKK) per kWh.
Re: Electricity prices in France turn negative as renewable energy floods the grid
#5This was very surprising and positive. I had expected pain for the electricity market in France since EDF "lost" the uranium mines in Niger and replaced it by shipping uranium from canada/australia.
So it looks like solar and wind have more than compensated for the nuclear power shortages.
The olympic games will put this news to test and I guess we will find out soon if this news is indeed true.
Re: Electricity prices in France turn negative as renewable energy floods the grid
#6> French day-ahead power fell to -€5.76 a megawatt-hour, the lowest in four years, in an auction on Epex Spot. Germany’s equivalent contract dropped to €7.64. If true - how fast could a new transmission line from France to Germany pay for itself?
Germany already buys electricity from France. The cost mentioned above are the subsidized charges by the EDF to the french government.
Germans would get the full cost which is much higher than the quoted price here. Besides nuclear power is not flexible enough to amp it up and down according to demand (unlike coal or petrocarbon industries).
Re: Electricity prices in France turn negative as renewable energy floods the grid
#7> French day-ahead power fell to -€5.76 a megawatt-hour, the lowest in four years, in an auction on Epex Spot. Germany’s equivalent contract dropped to €7.64. If true - how fast could a new transmission line from France to Germany pay for itself?
Germany already buys electricity from France. The cost mentioned above are the subsidized charges by the EDF to the french government. Germans would get the full cost which is much higher than the quoted price here. Besides nuclear power is not flexible enough to amp it up and down according to demand (unlike coal or petrocarbon industries).
French reactors are built to load follow [1]. It is harder on the valves, but they do it ("maneuvering capabilities"). Regardless, it would be better if they could run flat out to push out fossil generation in adjacent grids (Germany, the UK, and Northern Italy) with sufficient interconnector capacity. France also still has a bit of coal and fossil gas generation to retire [2] [3].
TLDR More interconnector capacity, battery storage, and renewables needed (my analysis).
[1] https://www.oecd-nea.org/upload/docs/application/pdf/2021-12...
[2] https://app.electricitymaps.com/zone/FR?wind=false&solar=fal...
[3] https://www.euractiv.com/section/coal/news/france-extends-li...
Re: Electricity prices in France turn negative as renewable energy floods the grid
#8They ought to flood something towards Denmark. Right now, in this moment, I pay roughly 0.49€ (3.66 DKK) per kWh.
Depends on where you are! Jutland and Fyn can share via the Central European grid whereas Sjaelland is on the Nordic grid with Sweden.
https://en.wikipedia.org/wiki/Synchronous_grid_of_Continenta...
(There are several HVDC links between those grids, but as I understand it that adds capacitance for the purpose of pricing.)
Re: Electricity prices in France turn negative as renewable energy floods the grid
#9Isolated this is a zero sum game in favor of buyers (someone has ti take the electricity), but longer term, this shows there needs to be better greater electricity storage solutions available, i.e batteries or similar.
Re: Electricity prices in France turn negative as renewable energy floods the grid
#10This was very surprising and positive. I had expected pain for the electricity market in France since EDF "lost" the uranium mines in Niger and replaced it by shipping uranium from canada/australia. So it looks like solar and wind have more than compensated for the nuclear power shortages. The olympic games will put this news to test and I guess we will find out soon if this news is indeed true.
There's two years of uranium ready to use in reserve plus five years more in reserve to enrich plus all the other producers. There's never been any issue with uranium, not even remotely. I'm not even sure the Niger coup will last that long.