Negative wholesale electricity prices are becoming an increasingly familiar phenomenon and a growing concern across European markets. The dynamic is driven in part by the rapid expansion of variable energy sources like solar and wind coupled with inflexible conventional power plants and limited large-scale storage. Even markets not yet experiencing negative prices are apprehensive about their imminent arrival, highlighting the critical need for up-to-date insights into market conditions.
At LevelTen Energy, we understand these complexities and the need for clear, actionable insights for all market participants. Our latest Market Transparency Report, Q2 2025 European Negative Pricing, offers a comprehensive analysis to help you understand this critical trend.
This report delves into the details of negative pricing, covering:
- Market-Specific Factors: Explore the unique drivers contributing to negative prices in various European markets, including the Nordics, Central, Eastern, and Southern regions.
- Pricing Trends and Evolution: Gain insights into how negative prices are accelerating, with Spain, France, Germany, and Poland experiencing record counts in Q2 2025.
- Settlement Structures and Risk Sharing: Understand the different approaches to PPA settlement during negative price periods, including Market Price Floors (MPF) and Non-Settlement Thresholds (NST), and their implications for both buyers and sellers.
- Economic Scenarios: See how various settlement structures can impact PPA prices and lost volume, helping you assess potential risks and opportunities.
- Key Commercial Positions: Discover the perspectives of both developers and advisors/buyers on crucial aspects related to negative pricing.
Backed by qualitative insights from 21 renewable energy players across Europe and economic analysis of more than 150 active wind and solar projects, the report examines solutions and identifies which one is emerging as a widely accepted risk-sharing solution.
If you’re operating in Europe’s renewable energy market, this is the timely, actionable insight you need to navigate today’s challenges with clarity and confidence.
Ready to gain a deeper understanding of negative pricing and its impact on your business?
The Q2 2025 European Negative Pricing Market Transparency Report is available to current LevelTen subscribers now. Reach out to access the report.
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