This situation results in a further phenomenon: negative electricity prices. On Mother’s Day, May 8th 2016, the electricity prices slipped into the negative range for seven consecutive hours. In other words: network operators had to pay consumers up to 130.09 euro per megawatt hour for them to purchase the electricity.
In 2015, the number of hours with negative electricity prices rose by 100 per cent in comparison with 2014! This results in immense costs for the economy, because electricity is not stored or converted into useful energy. And this tendency is increasing, because more electricity is produced by wind and solar power plants year by year.