When Germany Goes Negative: Watch the Neighbours
Exports, aFRR, mFRR, scarcity squeeze & reversal.
Welcome to new joiners crossing over from a main interest in finance. “Follow the money” becomes “follow the excess.” How efficiently is it distributed? It’ll be German excess today. Next time we might look at excess-management in China.
Next time you see negative electricity prices in Germany, spare a thought for the neighbours.
