State of European Power · March 2019

State of European Power — March 2019

Published 2019-04-02 · every figure recomputed live from the Voltcast production database (last: 2026-07-13T23:54Z) · reproduce any number via the API

221

negative price-hours across 37 zones in March 2019

41.83

average day-ahead price, €/MWh, across covered zones

zones that cleared below zero at least once

March 2019 closed with 221 negative price-hours across the 37 European bidding zones with full coverage this month — 12 of them cleared below zero at least once. Negative prices are no longer an anomaly; they are a structural feature of a grid where solar and wind routinely outrun demand.

The cheapest market of the month was DE-LU (average 30.68 €/MWh); the priciest was GR (59.85 €/MWh) — a 29 €/MWh gap between two markets inside one coupled European system, which is the whole story of constrained interconnection in one number.

DE-LU logged the most negative hours (40), and the widest intra-month price range belonged to IE-SEM: from -7 to 155 €/MWh (162 €/MWh of spread — the raw material for every battery business case). The single deepest print of the month was -73.49 €/MWh in AT on 2019-03-04.

Every zone, one table

Zone	Avg €/MWh	Min	Max	Negative hours
AT	33.13	-9.9	58.85	8
BE	37.61	-4.59	85	4
CH	35.77	-3.99	57.84	3
CZ	33.03	-20	58.52	15
DE-LU	30.68	-15.95	60.62	40
DK1	33.57	-13.53	59.27	40
DK2	35.62	-13.53	59.27	33
EE	40.08	2.9	64.87	0
ES	48.84	3.52	61.41	0
FI	39.98	2.9	64.87	0
FR	33.85	-11.58	60.73	9
GR	59.85	0	81.11	0
HR	39.56	-20.23	94.8	16
HU	39.69	1.02	77.96	0
IE-SEM	49.26	-7	155	22
IT-CNOR	53.54	23.2	94.8	0
IT-CSUD	52.72	0.1	94.8	0
IT-NORD	53.54	23.2	94.8	0
IT-SARD	52.59	0.1	94.8	0
IT-SICI	51.63	0	151.48	0
IT-SUD	46.67	0	75	0
LT	39.97	2.9	64.87	0
LV	40.05	2.9	64.87	0
NL	40.5	0.1	69.23	0
NO1	42.02	37.12	59.27	0
NO2	42.01	37.12	59.27	0
NO3	41.11	32.24	59.27	0
NO4	41.11	32.24	59.27	0
NO5	42.02	37.12	59.27	0
PT	49.22	18.91	61.41	0
RS	38.23	7.43	72.92	0
SE1	39.31	2.9	59.27	0
SE2	39.31	2.9	59.27	0
SE3	39.37	2.9	59.27	0
SE4	39.51	2.9	59.27	0
SI	39.56	-20.23	94.8	16
SK	33.34	-20	69.39	15

Method & citation. Hourly means over all published day-ahead auction results per zone (native 15-minute periods averaged per hour); zones with under 20 reported days excluded. Sources: ENTSO-E Transparency Platform, SMARD (CC BY 4.0). Reproduce via GET /api/v1/prices/{zone}. Cite as "Voltcast Research, voltcast.com/research/state-of-european-power-2019-03".