Negative power prices are back in force across Europe. What will it take to stop them?

Free Whitepaper

By mid-August 2025, Germany had already logged 445 hours of negative prices, with the Netherlands and Spain not far behind. Montel’s new white paper explores why these price dips persist and how policy changes, flexible demand, and storage could change the game.

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FREE Whitepaper

Whitepaper highlights:

  • Record levels in 2025: Germany, the Netherlands, and Spain are already close to or exceeding last year’s negative-price records.
  • Regulatory pressure: New rules such as Germany’s 1-hour rule cut revenues for subsidised wind and solar, reshaping bidding behaviour.
  • Demand flexibility matters: Shifting consumption from EVs, electrolysers, and heat pumps can dramatically reduce negative-price hours.
  • Limited battery impact: Large-scale storage smooths peaks but offers only modest relief from prolonged negative prices.
  • Path to stability: A mix of targeted regulation and flexible electricity demand could nearly eliminate negative prices by the late 2030s.

Discover in our whitepaper how regulation, demand flexibility, and storage solutions could pave the way to more stable power prices.