Negative prices explained: what every power trader should know in 2026

Negative power prices are no longer a rare market event. As renewable generation continues to grow, periods of high solar and wind output, combined with changing demand patterns and grid constraints, are creating more frequent and increasingly complex price dynamics across European electricity markets.

Understanding why negative prices occur, when they are most likely to happen, and how they influence trading decisions has become essential for anyone active in wholesale power markets.

In this webinar, Vincent Thevenin, German Power Market Expert at Montel, will explain the market fundamentals behind negative pricing and examine the key drivers shaping these events in 2026 in Germany. Using real market examples and data, he will explore how negative prices affect trading strategies, asset optimisation and risk management.

What we will cover

• Why negative prices are becoming more frequent across European power markets, especially in Germany

• The market fundamentals behind negative pricing, including renewable generation, demand patterns and transmission constraints

• How weather, interconnection and market design influence price formation

• Recent market examples from Germany and across Europe

• What negative prices mean for power traders, analysts and asset owners in 2026

Who should attend?

• Power traders

• Market analysts

• Utilities and energy suppliers

• Renewable asset owners and operators

• Flexibility and battery storage operators

• Risk managers and energy procurement professionals

Why should you attend?

Gain a practical understanding of one of the most important market developments affecting European electricity trading today. Whether you are new to power markets or looking to deepen your market knowledge, this session will help you better interpret negative price events and understand their implications for trading, forecasting and commercial decision-making.