Spain leads in total number of negative price hours, but the price itself is not very negative

Negative day-ahead hours (h) and the average price in those hours (€/MWh)

Source: ESIOS, ENTSO-E, Nord Pool, Modo Energy • Get the data behind this chart

Note: November 2025 to October 2026. Quarter-hours with a negative day-ahead price, summed as hours; average price in those intervals.

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MODOENERGY