State of European Power · March 2022
State of European Power — March 2022
Published 2022-04-02 · every figure recomputed live from the Voltcast production database (last: 2026-08-26T08:04Z) · reproduce any number via the API
36
negative price-hours across 42 zones in March 2022
259.97
average day-ahead price, €/MWh, across covered zones
4
zones that cleared below zero at least once
March 2022 closed with 36 negative price-hours across the 42 European bidding zones with full coverage this month — 4 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 NO4 (average 15.54 €/MWh); the priciest was TR (1672.67 €/MWh) — a 1657 €/MWh gap between two markets inside one coupled European system, which is the whole story of constrained interconnection in one number.
BE logged the most negative hours (16), and the widest intra-month price range belonged to TR: from 850 to 2500 €/MWh (1650 €/MWh of spread — the raw material for every battery business case). The single deepest print of the month was -149.99 €/MWh in DE-LU on 2022-03-13.
Every zone, one table
| Zone | Avg €/MWh | Min | Max | Negative hours |
|---|---|---|---|---|
| AT | 285.8 | 93.76 | 779.35 | 0 |
| BE | 265.51 | -65 | 700 | 16 |
| BG | 248.95 | 1.26 | 600.07 | 0 |
| CH | 306.09 | 57.75 | 675.04 | 0 |
| CZ | 259.82 | 11.77 | 700 | 0 |
| DE-LU | 252.01 | -17.46 | 776.18 | 6 |
| DK1 | 235.72 | -19.04 | 700 | 6 |
| DK2 | 227.85 | 1.43 | 700 | 0 |
| EE | 151.16 | 4.59 | 579.45 | 0 |
| ES | 283.19 | 144.8 | 700 | 0 |
| FI | 86.63 | 4.59 | 579.45 | 0 |
| FR | 295.17 | 93.7 | 700 | 0 |
| GR | 272.32 | 98.32 | 600.07 | 0 |
| HR | 293.44 | 81.4 | 700 | 0 |
| HU | 285.23 | 11.77 | 700 | 0 |
| IE-SEM | 293.2 | 0 | 705.47 | 0 |
| IT-CALA | 295.77 | 93.99 | 625 | 0 |
| IT-CNOR | 311.48 | 93.99 | 700 | 0 |
| IT-CSUD | 304.06 | 93.99 | 700 | 0 |
| IT-NORD | 311.48 | 93.99 | 700 | 0 |
| IT-SARD | 304.06 | 93.99 | 700 | 0 |
| IT-SICI | 295.78 | 93.99 | 625 | 0 |
| IT-SUD | 296.72 | 93.99 | 625 | 0 |
| LT | 170.06 | 4.59 | 673.44 | 0 |
| LV | 167.14 | 4.59 | 579.45 | 0 |
| NL | 261.03 | -22.89 | 700 | 8 |
| NO1 | 192.31 | 132.32 | 667.92 | 0 |
| NO2 | 192.31 | 132.32 | 667.92 | 0 |
| NO3 | 17.94 | 5.12 | 111.21 | 0 |
| NO4 | 15.54 | 5.12 | 78.09 | 0 |
| NO5 | 192.33 | 138.71 | 667.92 | 0 |
| PL | 141.33 | 47.78 | 405.02 | 0 |
| PT | 283.09 | 144.8 | 651 | 0 |
| RO | 274.1 | 1.26 | 663.96 | 0 |
| RS | 291.97 | 120.33 | 699.92 | 0 |
| SE1 | 22.02 | 4.59 | 111.72 | 0 |
| SE2 | 22.02 | 4.59 | 111.72 | 0 |
| SE3 | 123 | 4.59 | 667.92 | 0 |
| SE4 | 145.85 | 4.59 | 673.44 | 0 |
| SI | 293.44 | 81.4 | 700 | 0 |
| SK | 279.1 | 11.77 | 700 | 0 |
| TR | 1672.67 | 850 | 2500 | 0 |
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-2022-03".
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