Electricity prices may be negative in the summer – for the first time ever – Private Businesses

For the energy producers it is difficult times when prices creeping down towards zero. Last week fell, spot market prices in three of the four electricity price areas to 4 cents / kWh, reports the Times.

Bosse Andersson , Vice President of Swedish Energy, describes a concern in the industry that he never have experienced before.

– All electricity is bleeding right now. And the worst is that we do not see any trend of price decline, he said to the newspaper.

A day in the summer, the price of electricity even become negative, according to industry representatives, the newspaper talked to. The likelihood increases during windy weekends, because wind power produces full while the need is least.

In Denmark and Germany are negative electricity prices common for some years. When production exceeds demand, then get producers to pay to get rid of its electricity, writes DI.