The German Federal Network Agency (Bundesnetzagentur) reported that wholesale electricity prices were negative for 457 hours in 2024, compared to 301 hours in 2023.
January 6, 2025
Jochen Siemer
According to pv international magazine.
Germany’s Bundesnetzagentur reported 457 hours of negative wholesale prices for electricity in 2024, compared to 301 hours in 2023, based on data from its SMARD platform.
She highlighted that the number of price episodes exceeding €0.10 ($0.10)/kWh decreased in 2024, falling to 2,296 hours from 4,106 in 2023. The average wholesale price in the electricity market day-ahead (day-ahead) fell by 17.5% year-on-year to reach €0.07851/kWh.
The agency also reported that renewables accounted for 59% of net electricity generation in 2024, an increase of three percentage points from 2023. This figure differs from Fraunhofer’s estimate of 62.7%. ISE, because the Bundesnetzagentur calculates on the basis of the production injected into the network after deduction of self-consumption.
Net electricity generation in Germany fell 4.2% in 2024 to 431.7 TWh, the agency said. Renewables produced 254.9 TWh, with onshore wind generating 111.9 TWh and solar 63.3 TWh – up from 55.7 TWh in 2023. Photovoltaics accounted for 14.7% of the net production, while onshore wind contributed almost 26%.
Conventional energy production fell by almost 11% to 176.8 TWh. Coal production fell by 31.2%, lignite production fell by 8.8%, but gas production increased by 8.6%.
Translated by Marie Beyer.
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