“Strange” prices rattle Europe's power markets

Across Europe, power prices are behaving in ways that are leaving even seasoned market participants questioning what they’re seeing. From negative prices to seemingly counterintuitive flows between some price zones, the electricity system is becoming harder to interpret, and certainly more complex. On April 6, negative prices of EUR -15,000/MWh in Belgium's balancing market highlighted just how volatile and weather-driven Europe's power system has become. But are these signals a sign of dysfunction, or simply the reality of a system in transition? So, what’s really going on beneath the surface? In this episode, we unpack what’s driving so-called “odd” or “irrational” pricing across Europe, from the rise of renewables and battery storage to the increasing role of algorithmic trading and complex market design. We also explore whether market participants are equipped to handle this growing complexity, and what risks and opportunities lie ahead. Host: Richard Sverrisson – Editor-in-Chief, Montel News Guests: Alina Trabattoni – Italy Correspondent, Montel Frank Boerman-Lima – Flow-Based Capacity Calculation Expert, TenneT Julien Jomaux – Energy & Power Consultant Editor: Oscar Birk Producer: Alexandra Carlon

You can listen to “Strange” prices rattle Europe's power markets online on Radio and Podcast. Open the player on this page to stream the available audio.

“Strange” prices rattle Europe's power markets is an episode from Montel Weekly by Montel News.

This episode is 37:02 long.

This episode was published on Apr 16, 2026.

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