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Higher gas costs reduced the number of hours with negative electricity prices in October, despite record wind power generation. Prices were negative for just two hours in Germany, compared with 48 hours a year earlier, and for five hours in Britain, compared with 29. By contrast, Germany’s average day-ahead electricity price doubled to around €171 per megawatt-hour, up from €82 a year earlier. Growing flexible electricity demand—estimated at around 6 gigawatts in Germany and 4–6 gigawatts in Britain—helped curb the oversupply, alongside regulatory changes that encourage generators to cut output when prices are low. This shift is expected to continue through the winter.
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