Negative electricity prices

as of 14:15 UTC

No market below zero right now

03:45:00D

Last negative: Great Britain 2026-10-25 09:30 UTC · as of 14:15 UTC

Negative hours since 2026-10-21 12.6 hD

Longest run 2:30 hD Great Britain

Price series 8D

Hours are counted per price series, so a market with two price types counts twice. A run is an unbroken sequence of negative intervals; a missing interval ends it. Each interval adds its own length (15 min = 0.25 h).

Market	Now	Last negative	This month Longest run: the longest unbroken run of negative intervals in our data window. Year to date: negative hours since 1 January in the market's local time; every total covers the data window that starts on the date of first data. Median and lowest depth are taken over year-to-date negative intervals. Floor status: the count of intervals within 1% of the floor appears only where the floor is a verified statutory limit. Days since: whole days since the last negative interval ended. A streak is an unbroken run of negative intervals ending now. Every negative interval adds its own length: a 15-minute day-ahead interval counts 0.25 h, a 5-minute real-time interval 1/12 h and a 30-minute settlement period 0.5 h. Great Britain (IMB30): longest 2:30 h, year to date 3.50 h in 7 intervals, median -15.00, lowest -16.27 GBP/MWh, no statutory floor, 0 days since last negative. Denmark DK1 (West) (DA15): longest 1:15 h, year to date 1.25 h in 5 intervals, median -0.07, lowest -0.07 DKK/MWh, floor not verified, 0 days since last negative. Denmark DK2 (East) (DA15): no negative run, year to date 0.00 h in 0 intervals, floor not verified. NEM New South Wales (RT5): no negative run, year to date 0.00 h in 0 intervals, 0 within 1% of the -1000 floor. NEM Queensland (RT5): no negative run, year to date 0.00 h in 0 intervals, 0 within 1% of the -1000 floor. NEM Victoria (RT5): no negative run, year to date 0.00 h in 0 intervals, 0 within 1% of the -1000 floor. NEM South Australia (RT5): longest 2:20 h, year to date 7.83 h in 94 intervals, median -7.01, lowest -29.78 AUD/MWh, 0 within 1% of the -1000 floor, 0 days since last negative. NEM Tasmania (RT5): no negative run, year to date 0.00 h in 0 intervals, 0 within 1% of the -1000 floor.
Great Britain IMB30	228.00M GBP	2026-10-25 09:30 UTC	3.5D h
Denmark DK1 (West) DA15	4.86M DKK	2026-10-25 03:45 UTC	1.2D h
Denmark DK2 (East) DA15	29.90M DKK	–	0.0D h
NEM New South Wales RT5	97.63M AUD	–	0.0D h
NEM Queensland RT5	88.82M AUD	–	0.0D h
NEM Victoria RT5	93.81M AUD	–	0.0D h
NEM South Australia RT5	101.48M AUD	2026-10-25 07:10 UTC	7.8D h
NEM Tasmania RT5	98.18M AUD	–	0.0D h

as of 14:15 UTC

Why prices go negative →

Sources & licences

Data: Source: Australian Energy Market Operator (AEMO), NEMWEB | Contains BMRS data © Elexon Limited copyright and database right 2026 | Source: Energinet (www.energidataservice.dk). source licence source licence Derived numbers and charts: CC BY 4.0, SolarCostData Data Desk (licence). Source data keeps its own licence.

Heat maps, last 30 days

Heat map of negative IMB30 prices in Great Britain: hour of day by day, last 30 days, local market time — Great Britain · IMB30 · local time Europe/London · PNG · SVG

Heat map of negative DA15 prices in Denmark DK1 (West): hour of day by day, last 30 days, local market time — Denmark DK1 (West) · DA15 · local time Europe/Copenhagen · PNG · SVG

Heat map of negative DA15 prices in Denmark DK2 (East): hour of day by day, last 30 days, local market time — Denmark DK2 (East) · DA15 · local time Europe/Copenhagen · PNG · SVG

Heat map of negative RT5 prices in NEM New South Wales: hour of day by day, last 30 days, local market time — NEM New South Wales · RT5 · local time Australia/Brisbane · PNG · SVG

Heat map of negative RT5 prices in NEM Queensland: hour of day by day, last 30 days, local market time — NEM Queensland · RT5 · local time Australia/Brisbane · PNG · SVG

Heat map of negative RT5 prices in NEM Victoria: hour of day by day, last 30 days, local market time — NEM Victoria · RT5 · local time Australia/Brisbane · PNG · SVG

Heat map of negative RT5 prices in NEM South Australia: hour of day by day, last 30 days, local market time — NEM South Australia · RT5 · local time Australia/Brisbane · PNG · SVG

Heat map of negative RT5 prices in NEM Tasmania: hour of day by day, last 30 days, local market time — NEM Tasmania · RT5 · local time Australia/Brisbane · PNG · SVG

as of 14:15 UTC

Each cell is one local hour of one day; colour shows the share of that hour's intervals with a price below zero (amber = few, purple = all). Grey cells have no data. Derived by SolarCostData from the published prices.

Sources & licences

Notional ledger

Notional: not cash received by consumers.

Market	Notional value, year to date	In USD	Metered load in those intervals	Intervals used
NEM New South Wales	0D AUD	–	0D MWh	0
NEM Queensland	0D AUD	–	0D MWh	0
NEM Victoria	0D AUD	–	0D MWh	0
NEM South Australia	49442D AUD	≈ 34720D USD ECB rate 2026-10-23	5721D MWh	94
NEM Tasmania	0D AUD	–	0D MWh	0

as of 14:15 UTC

Method: for every negative price interval since 1 January (local year) the absolute price is multiplied by the metered regional demand of the same interval in MWh (MW x interval length in hours) and summed. Notional: not cash received by consumers. It is an accounting illustration of how large the negative-priced volume was at wholesale prices; it ignores retail tariffs, contracts, hedges and generator payments, and no consumer receives this amount. Only markets that publish demand are listed.

Sources & licences

About negative prices

This page tracks wholesale electricity prices that fall below zero in the public markets covered by this site. A negative price means that, for one trading interval, sellers pay to put power into the grid and buyers are paid to take it. It is a signal of surplus supply at that moment, usually strong wind or sun meeting low demand, and it is not a price anyone pays on a household bill. The tables above are rebuilt every few minutes from the grid operators’ own published numbers.

For each market the table shows whether the price is negative now, how long the current unbroken run of negative intervals has lasted, the longest run in our data, the total hours of negative prices since 1 January, the median and lowest negative price, and the number of days since the last negative interval. Hours are counted interval by interval, so markets that publish 5-minute, 15-minute or 30-minute prices are measured on the same clock. Our data window starts on the date shown under each market name, and every total covers that window only.

The count of intervals close to a market floor appears only where the floor is a verified statutory limit. Elsewhere the page says that the floor is not verified, because showing a count against an unconfirmed limit would suggest precision we do not have. The notional ledger multiplies each negative price by the metered demand of the same interval. It is an illustration of scale at wholesale prices and is not money received by consumers.

The heat maps show hour of day against day for the last 30 days in local market time, and the feed lists every negative episode that lasted at least 15 minutes. For the general mechanics behind negative prices, read why prices go negative and the methodology.

RSS feed of negative-price episodes

Not for trading or operational decisions. Provisional data.