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Electricity prices in France turn negative as renewable energy floods the grid
French day-ahead power fell to -€5.76 a megawatt-hour, the lowest in four years, in an auction on Epex Spot.
French electricity prices turned negative as a drop in demand and surging renewables output prompted some nuclear reactors to power down. Sunny and blustery weather has driven up solar and wind generation, prompting the grid operator to request that Electricite de France SA take several nuclear plants offline. While more clean power is needed across Europe to reach climate goals, soaring renewables output and a lack of battery storage mean reactors sometimes have to be turned off during periods of low demand.
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