Below Zero: Understanding Negative Power Prices in Iberia

In recent years, the Iberian power market has experienced substantial growth in renewable capacity. As Day-Ahead price cannibalisation continues to increase, renewable energy plants are actively exploring additional revenue streams. These factors have led to a steady rise in the volume of energy being offered at negative prices, leading to the first historic instance of negative prices in the Iberian Day-Ahead Market in 2024.

In this session, we will examine the emergence of negative prices in Iberia, the key factors driving plants to bid at negative prices, and the outlook for the years ahead.

Join this session to delve into the following questions:

• What are the incentives for plants to bid at negative prices?
• Are renewables increasingly offering energy at negative prices?
• Will negative prices become more frequent in the near future?
• How do interconnections impact negative price events?
• How do negative prices impact the renewable business case?

If you have any other questions about this event, please get in touch with Mar Escobedo, our Commercial Associate.

Please see the registration instructions below for any questions about joining the webinar or contact Ilaf Ghalifa, our Events Coordinator. ​​​​