Electricity prices in Europe have fallen to record lows due to an oversupply of solar power

Electricity prices in Europe have plummeted to record lows amid a surge in solar power generation and weak demand.

Bloomberg reports this.

In Germany, the hourly electricity price fell to -413.77 euros per MWh, and in France, to -412.55 euros. This collapse was caused by a combination of high generation and reduced consumption due to mild weather.

Negative energy prices mean that producers are effectively paying to have their electricity consumed, a phenomenon that is becoming increasingly common in the European market.

Experts attribute this to structural issues within the power grid—limited electricity storage capacity and insufficient grid transmission capacity.

During peak hours, solar power generation in Germany reached 44 GW, significantly exceeding current demand.

In addition, moderate spring temperatures increase the efficiency of solar panels compared to the summer heat, further exacerbating the surplus of generation.

As of April 24, 2026, Ukrainian gas stations reported only minor changes in fuel prices. The average price of A-95 gasoline remained virtually unchanged at approximately 73.31 UAH per liter.

As a reminder, since March 20, approximately 2 million Ukrainians have already taken advantage of the fuel cashback program. The vast majority of participants are owners of mass-market vehicles.