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Negative power prices and solar panels on a large connection

November 02, 2026

What negative power prices, curtailing and the export limit do to solar panels on a large Dutch grid connection, calculated on 2025 quarter-hour data.

In short

A large connection, above 3x80A, could never use Dutch net metering. There, self-consumption, the price per quarter hour and the export limit decide what solar panels earn. If the feed-in price follows the day-ahead price, exporting costs money once that price drops below the supplier's discount. In our worked example, curtailing at those moments doubled the net export revenue.

Why the price per quarter hour counts

A connection above 3x80 amps1 could never net meter2. The end of Dutch net metering (salderingsregeling) on 1 January 2027 therefore changes nothing here. What it means for a small connection is explained in the end of net metering in 2027 for businesses.

On a large connection, the contract states what exporting earns. If that compensation follows the day-ahead price, as in the worked example below, the value of solar power changes every quarter hour. On sunny afternoons the whole of the Netherlands generates solar power at the same time, and then that price is low or negative.

In 2025 the Dutch day-ahead price was negative for 585 hours, about 7% of the time3. Those hours fall in the middle of the day, exactly when the panels generate most: in 2024, 20% of all Dutch solar power already fell in an hour with a negative price3. Whoever exports at the day-ahead price then pays to get rid of the power.

Three things therefore decide what solar panels earn on a large connection.

  • Self-consumption. A kWh you use yourself is one you do not buy. It is worth the power price plus energy tax, on a sunny afternoon too.
  • The price at the moment of export, minus the supplier's discount. When that drops below zero, curtailing pays. For an installation of 200 kW or more per connection with SDE++ from 2023 or later, there is also no subsidy for power exported while the price is negative, counted per quarter hour since 1 October 20254.
  • The export limit. How much power you may export is fixed in the transport contract. In a congested area it can be less than the inverters deliver.

Worked example: a wholesaler with 400 kWp on the roof

A wholesaler has a warehouse with an office in the centre of the Netherlands. It is open on weekdays from 6:00 to 18:00 and on Saturday morning, and closed on Sundays and public holidays. The site runs lighting, packing and conveyor lines and a cold store, and the forklifts charge after closing time. The business uses 503 MWh a year, with a peak of 175 kW. On the flat roof are 400 kWp, east-west at 10 degrees, with 320 kW of inverters.

The business is an example: its consumption was built for this article quarter hour by quarter hour over 2025. The solar power was calculated from the weather KNMI measured in 2025, and the prices are the actual day-ahead prices of that year5. The roof produced 406 MWh, just over 1,000 kWh per kWp.

Buying costs the day-ahead price plus a €0.02 margin and €0.03868 energy tax per kWh6. Exporting earns the day-ahead price minus a €0.01 discount. Wattix calculated the year twice: with panels that always export, and with panels that curtail as soon as exporting costs money.

Curtailing removes the exports that cost money

Where the roof's solar power went in 2025, in MWh, with the net export revenue

Where the roof's solar power went in 2025, in MWh, with the net export revenue
Used on siteExported for revenueExported while that cost moneyCurtailedNet export revenue
Panels always export228 MWh80 MWh98 MWh0 MWh€2,177
Panels curtail when exporting costs money227 MWh80 MWh0 MWh99 MWh€4,429
The example business in 2025, 406 MWh of output. Exporting cost money whenever the day-ahead price dropped below €10 per MWh. Source: solar power calculated from KNMI weather, the 2025 day-ahead prices and the constructed consumption, run in Wattix.
Panels always exportPanels curtail when exporting costs money
Output406 MWh406 MWh
Used on site228 MWh227 MWh
Exported178 MWh80 MWh
of which at a negative price70 MWh0 MWh
Curtailed0 MWh99 MWh
Export revenue€4,429€4,429
Paid to export€2,252€0
Net export revenue€2,177€4,429

The difference in self-consumption comes from the lowest prices. Below −€59 per MWh the business gets paid to buy power even after energy tax, and then Wattix takes the power from the grid rather than from the roof.

Exports at a negative price fall mostly in spring

Exported in quarter hours with a negative day-ahead price, with panels that always export, in kWh

Exported in quarter hours with a negative day-ahead price, with panels that always export, in kWh
January0 kWh
February0 kWh
March5,400 kWh
April14,307 kWh
May21,060 kWh
June15,817 kWh
July1,256 kWh
August7,598 kWh
September3,797 kWh
October995 kWh
November0 kWh
December0 kWh
The example business in 2025, 70 MWh in total. Source: solar power calculated from KNMI weather, the 2025 day-ahead prices and the constructed consumption, run in Wattix.

Three things stand out.

  • An exported kWh is worth little. A kWh used on site saved €0.12 of purchases on average. An exported kWh earned €0.06 with curtailing, and €0.01 without.
  • Curtailing starts above zero. With a €0.01 discount, exporting already costs money once the day-ahead price drops below €10 per MWh. That is why Wattix curtailed 99 MWh, more than the 70 MWh that fell at a negative price. It saved about €2,300 a year.
  • Weekends cost the most. 62% of the exports at a negative price fell on a Saturday, a Sunday or a public holiday, when the warehouse is mostly closed. On Sunday 11 May 2025 the price was negative from 9:00 to 18:00, down to −€350 per MWh. The roof exported 2,318 kWh that day, and that cost a net €308.

And the export limit? Say the business may export only 150 kW, less than half of what the inverters can deliver. Then Wattix curtails just 1.3 MWh more over 2025, about €45. The largest surpluses fall on sunny weekend days, when exporting already costs money: 90% of the power above 150 kW fell in a quarter hour below €10 per MWh. A low export limit need not break a business case. Whether that holds for another business depends on how consumption, output and price line up per quarter hour, and you only see that by calculating it.

Kremer
“Before, we couldn't really back up our recommendations with a proper business case. With Wattix we can calculate multiple scenarios, compare the results side by side, and let the customer decide.”
Jesse Moms, Kremer Installatietechniek

What this means for the advice

On a large connection, annual totals say little. The example business uses more than the roof generates, and still exports 178 MWh, almost 40% of it at a negative price. What solar panels earn follows from how consumption, output and price line up per quarter hour. That is how you weigh the levers against each other.

  1. Inverters that curtail as soon as exporting costs money.
  2. Moving consumption to the sunny hours, such as charging the forklifts on weekday afternoons instead of in the evening. That does not help at weekends, when the warehouse is mostly closed.
  3. A battery that keeps the surplus for later. How to size one is explained in sizing a battery for a business.
  4. A different feed-in contract, for example with a fixed price instead of the day-ahead price.

What Wattix does here

Wattix calculates a year quarter hour by quarter hour with the Dutch day-ahead prices, negative ones included. Per contract you set the feed-in compensation and any feed-in costs, and per scenario whether the panels may curtail and how much you may export. That puts the levers above side by side and shows, per quarter hour, when exporting costs money. How to enter contracts is explained at compare energy contracts, and what Wattix does with solar power at use more of your own solar power.

If you do not know yet which contract the client will get, calculate several variants. What else a simulation calculates and how accurate it is, you can read in what an energy simulation is.

De Installatiemakers
“You always have to make assumptions. But a platform like Wattix gives you the freedom to present results to your client in your own way, with the confidence that the underlying calculation model provides the same solid foundation every time.”
Fred Theunissen, De Installatiemakers

Frequently asked questions about negative power prices and solar panels

Does net metering apply to a large connection?

No. Only a connection up to and including 3x80 amps may net meter, and there the scheme stops on 1 January 2027. On a large connection, the contract, the price per quarter hour and the export limit decide what exporting earns.

How often is the power price negative?

In 2025 the Dutch day-ahead price was negative for 585 hours, about 7% of the time. Those hours fall in the middle of sunny days: in 2024, 20% of all Dutch solar power fell in an hour with a negative price.

What does a negative power price cost a business with solar panels?

That depends on the contract. If the feed-in price follows the day-ahead price, you pay to export as soon as that price, minus the supplier's discount, drops below zero. In the worked example, a 400 kWp roof exported almost 98 MWh at such moments in 2025, at a cost of €2,252.

Does it pay to curtail solar panels at a negative price?

If the feed-in price follows the day-ahead price it does, and earlier than at zero: as soon as the price drops below the supplier's discount. In the worked example that was €10 per MWh. Curtailing saved about €2,300 a year there, while a quarter of the output was dropped. That power earned nothing anyway.

What does an export limit mean for solar panels?

On a large connection the power you may export is fixed, and it can be less than the inverters deliver. What comes above it has to be used on site, stored or curtailed. In the worked example, a limit of 150 kW, less than half the inverter capacity, cost only 1.3 MWh a year, because the largest surpluses fell at moments when exporting cost money anyway.

Do you get SDE++ subsidy when the power price is negative?

Not for grants from 2023 onwards if the installation is 200 kW or more per connection. Since 1 October 2025, RVO corrects the subsidy for every quarter hour in which the price is negative. Older rounds have different rules.

Why is a kWh used on site worth more than an exported one?

A kWh you use yourself is one you do not buy, so it saves the power price plus energy tax. An exported kWh earns the feed-in price, which is lowest on exactly the sunny moments you export. In the worked example that was €0.12 against €0.06 per kWh on average with curtailing, and €0.01 without.

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Sources

  1. ACM, Afnemers en aansluitingen (in Dutch): most households have a small connection "tot en met 3x80 ampère", up to and including 3x80 amps. ↩

  2. ACM ConsuWijzer, Salderen en terugleveren (in Dutch): "Alleen afnemers met een kleine aansluiting mogen salderen", only customers with a small connection may net meter. ↩

  3. Rebel for RVO, Financierbaarheid zon-PV-projecten zonder SDE++ (in Dutch), 13 February 2026, pp. 7 and 8: "In 2025 werden gedurende 585 uren negatieve day-ahead stroomprijzen geregistreerd (circa 7 procent van de tijd)", 585 hours of negative day-ahead prices in 2025, and "20% van alle zon-PV productie vond in 2024 plaats tijdens negatieve prijsuren", 20% of all solar output in 2024 fell in negative-price hours. ↩ ↩2

  4. RVO, Negatieve elektriciteitsprijzen SDE++ (in Dutch): for grants from 2023 onwards there is no subsidy for power delivered while the price is negative if "het opwekvermogen van uw installatie per aansluiting op het elektriciteitsnet 200 kW of meer is", the installation is 200 kW or more per connection, and "Vanaf 1 oktober 2025 corrigeren wij uw subsidie voor elk kwartier dat de stroomprijs negatief is", from 1 October 2025 the subsidy is corrected for every negative quarter hour. ↩

  5. Day-ahead prices for the Netherlands over 2025 via Fraunhofer ISE, Energy-Charts, source Bundesnetzagentur | SMARD.de (CC BY 4.0): per hour up to 30 September, per quarter hour after. Weather: KNMI, Data Platform, 10-minute observations over 2025 from the nearest station. ↩

  6. Belastingdienst, Energiebelasting (in Dutch), electricity rates per kWh: in 2025 €0.03868 from 50,001 to 10 million kWh. ↩