Eight hours near zero was found yesterday’s electricity price – large quantities of green energy were cut

The domestic electricity system passed the first spring “test” on Sunday (6.4.2025), as the interventions of the two managers stood enough to avoid electricity problems.

It is indicative that yesterday the production of renewable energy sources (RES) was found at noon over 7 GW for several hours, with the surplus power reaching our country even 4 GW.

Thus, ADMIE and DEDDIE had to cut the surplus green production using new ways, such as sending SMS to photovoltaic producers connected to the distribution network.

However, the whole process does not seem to have evolved completely smoothly for the producers. Some of them, who have more than one projects in various parts of the country, received messages from HEDNO who did not specify which of all it is mentioned, resulting in confusion.

Others were notified to be on alert on Sunday to close the photovoltaics, but in the end they did not receive a message from the manager.

The issue is important because a fine of 500 euros per megawatt is foreseen for producers who did not obey DEDDIE’s orders.

In addition to the above, it is indicative that yesterday the wholesale price was over 60 euros per megawatt for the whole day. From 10am to 5pm the hourly price was from absolute zero to 1 euro per megawatt.

Alertness in the face of Easter

Authorities had warned that from now on they would need corresponding measures on Sundays, until the summer came and increased demand for electricity, which is expected to restore balance.

All this while the Easter days are approaching, which will be the maximum test. The reason is that demand will fall even lower than usual. Also, the fact that the Easter of Catholics coincides this year with ours means that there will be no possibility for large exports to Italy, making things even more difficult.

Finally, let us mention that the cuts have evolved into a major issue for the RES industry. Only in March, about 200 GWH of production were cut, accounting for 25% of cuts throughout 2024. During the hours of the phenomenon, producers are faced with profitable profits as they do not sell energy on the network.

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