Plugged In: the energy news podcast Sticky Nordic negative prices, will Finland retain top spot?
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Jun 12, 2025 Joining the discussion are Priyanka Shinde, a Nordic market expert from Montel Analytics; Vesa Ahoniemi, Chief Commercial Officer at Winda Energy; Riku Merikoski, Senior Power Analyst at Axpo Solutions AG; and Suvi Paaso, Managing Director of Power Deriva. They dive into the phenomenon of negative power prices in the Nordics, detailing the effects on renewable energy investments and wind power production. The guests also unpack the evolving role of nuclear energy, market flexibility, and potential future trends in energy pricing.
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Causes of Nordic Negative Power Prices
- Nordic negative power prices result from excessive supply and limited demand flexibility.
- High nuclear generation and market incentives like PPAs contribute to persistent negative prices.
Wind Producers Curtail Due to Price Volatility
- Wind power producers often curtail output due to volatile, extreme negative prices.
- The current hourly spot and 15-minute imbalance market mix increases risk and negatively affects bidding strategies.
Boost Flexibility in the Market
- Increase consumer and producer flexibility to better adapt to price signals and market needs.
- Renewable producers should update bidding models to respond effectively to fluctuating prices.