Between the volatile commodity markets, the electricity market is almost a beacon of calm. The daily prices show significant differences, but that can be called 'normal' in the electricity market. The price trend of last week is therefore not surprising. Not the developments in Ukraine, but the weather determines the offer.
On Wednesday, February 23, the EPEX Spot Quote stood at €163,79 per MWh. This increased to €26 per MWh on Saturday February 245,33. As usual, the price dropped on Sunday to €183,95 per MWh. But on Monday, February 28, the price rose again, to €217,75 per MWh. With a difference of €80 between the highest and lowest price, last week can be described as average to almost on the quiet side.
The supply of electricity, generated from sun and wind, largely determines the price. We had less wind than during the storms of two weeks ago, although we only saw on Saturday that the revenues from the wind turbines almost completely disappeared from the energy mix. On the other hand, the yields from solar panels are increasing. However, it was not enough on Saturday to compensate for the lower wind yield. Hence the peak in the electricity price.
Mobile solar panels
Windunie and The-emove also know that wind energy and solar energy can be a good complement to each other. They have developed a mobile solar field that can be connected to the transformer of a wind turbine. "The Emove Solar is mobile and can be quickly assembled in multiple setups," says Sjoerd Hupkes Wijnstra, solar park developer at Windunie. "In addition, the Emove Solar is scalable. No foundation is required, because the mobile solar panel installation can be placed on the crane stands of wind turbines. We think that mobility and flexibility provide an advantage for spatial integration."
The Korean electronics company LG no longer sees value in solar panels. That makes it known. Due to increasing price competition and rising raw material costs, the group is forced to close its solar panel division. LG remains active in the sustainable energy market, but shifts the emphasis to other areas. This includes systems for energy storage, solutions for controlling the use and production of electricity and other developments that have yet to be announced.