Starting today .. Germany turns 99% into green electricity

Green electricity is scheduled to take over the network on Thursday, which leads to a decline in price to less than zero, which indicates the extent to which the largest energy market in Europe turned towards solar energy and wind energy.
The low electricity consumption in Germany will coincide today due to the official holiday, with an increase in the production of solar energy thanks to the free wave of the region.
Wind and solar energy will constitute about 99% of the total electricity consumption in Germany, according to Bloomberg for expectations.

A overview of the future

The German step does not have a precedent, and it is completely unfamiliar, and a glimpse of the future as the region has moved forward in the green transformation.
As a result, it is expected that the prices of electricity in Germany will decrease today to less than zero, a phenomenon that is increasingly common throughout Europe.

Although this phenomenon benefits millions of homes and factories that buy electricity for the hour, it represents a major problem for investors and green technologies developers due to its low returns.

Low electric power prices

And the prices of electric energy in Germany decreased today, Thursday, to below zero from 10 am to 5 pm on the EBC PEX SE, the largest electricity exchange.
The lowest price of nearly 130 euros per megat/hour is at 1 pm.
The matter was repeated in France, as the prices will be negative for the same hours.
According to the Bloomberg News News Financing News, it is expected to add 17 GB of solar energy in Germany during the current year, which is a new record, with records continued to be recorded annually until at least 2030.