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The EU #electricity market experienced a weekend filled with unexpected twists & turns. Low demand, still 9-10% below pre-crisis levels, combined with strong solar production, created a surplus of #energy in most countries, pushing wholesale market prices into negative territory. 
On Sunday, May 28th, the price on the EpexSpot exchange reached €400/MWh in the Netherlands.
This surplus affected the Day-Ahead exchanges, Intraday markets, and balancing mechanism, highlighting the complexity of managing transmission system surpluses.
This surplus affected the Day-Ahead exchanges, Intraday markets, and balancing mechanism, highlighting the complexity of managing transmission system surpluses.
At Kpler Power, we forecast demand, renewable generation and market prices, to better anticipate the supply-demand balance in the short, medium and long term.
#kpler #kplerpower
#kpler #kplerpower
