Photovoltaics cause prices to drop on the European Electricity Exchange

www.photon-international.com/newsletter/document/50268.pdf
Saturday, July 16, 2011, is a date that will be remembered in the history of
the German electricity sector. On that Saturday afternoon, electricity prices on the spot market of the European Electricity Exchange collapsed to the low level of electricity rates that are available at night. Buyers paid only 2.5 euro cents per kilowatt-hour for electricity delivered between 2 and 3 pm. Electricity rates are usually twice as high as the (low) night rate at this time of day on weekends in Germany.