The phenomenon of excess renewable energy intensifies, and electricity prices in Germany fall below zero
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Germany's electricity prices fell below zero on the first trading day of this year, reflecting an oversupply of renewable energy. Wind power generation reached 40 gigawatts, causing electricity prices to turn negative for four hours overnight. In 2024, the duration of negative electricity prices in Germany increased to 468 hours, while France also rose to 356 hours. This trend has prompted politicians to call for limits on subsidies to address the challenges brought by the energy transition
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