Wind Power Surge Drives Sharp Drop in European Electricity Prices

LootboxPhobia · 2026-03-24T13:52:01+00:00

With a surge in wind power generation supply across the European region, spot electricity contracts have declined sharply. Germany's baseload electricity price fell to €36 per megawatt-hour, while France dropped to €16.50. German wind generation is expected to reach 45 gigawatts, with France reaching 15.5 gigawatts, while electricity demand in both countries remains stable or increases slightly.

LootboxPhobia

2026-03-24 13:52:01

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Investing.com – According to Reuters, as wind power supply is expected to surge across Europe, Wednesday’s European spot electricity contracts fell sharply.

As of 10:18 GMT, the German day-ahead power price dropped 48.6% to €36 per megawatt-hour ($41.73).

The corresponding French contract declined 68.9% to €16.50 per megawatt-hour.

LSEG data shows that wind power generation in Germany is expected to surge by 20.1 GW on Wednesday, reaching 45 GW. Wind power in France is expected to jump by 10.9 GW to 15.5 GW.

LSEG data indicates that electricity demand in Germany is expected to remain steady at 55.9 GW, while demand in France is projected to increase by 1.1 GW to 52.5 GW.

France’s nuclear availability remains at 80% of total capacity.

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