L R AS Published on Monday 30 March 2020 - n° 315 - Categories:France, other France
Electricity demand in France is falling by around 10-15%.
According to the French transmission system operator, RTE, the drop in electricity demand is about 10-15% compared to a typical week in March. In Italy,
On March 23rd, Ember announced a 20 % drop. In Spain, the withdrawal of demand last week reached 10%, with a 16% drop on Thursday 19. In Germany, the trend accelerated to -6% on Friday 20 March, as more and more industries closed.
Effecton prices: When demand falls and production is still there, prices fall. On Sunday 22 March, with no trade and no tourism, the sun and the wind were at the rendezvous in Europe. As these energies have "priority access to the network", electricity prices plummeted sharply. As a result, by midday, the whole of Europe was in negative prices (the producer paid to inject its electricity into the network).
Although the over-the-counter contracts (the famous PPAs) signed by large consumers with renewable energy generators are still little affected, it is highly likely that recourse to With the risk of jeopardising certain projects, or even "breaking" the trend towards the development of these PPA contracts. The question then arises as to how insurance companies will react to this scourge...
The CO2 market CO2 emission allowance market prices fell sharply last week. They fell from €23 per tonne at the beginning of March to €15.45 per tonne on 23 March. This decrease could encourage the revival of coal-fired power generation!
PV Magazine of 27 March
