# Alexandre Danthine

## Spain Monthly Electricity Market Report — May 2026

Solar curtailment doubles, Nuclear drops out of the Phase 1 stack, and the EU approves a €9 billion capacity market

Jun 19 • [Alexandre Danthine](https://substack.com/@alexandredanthine)

### Who is actually making Spain's balancing market?

A technology-level read of the post-MARI bid stack: who provides the upward megawatts, who absorbs the downward ones, what each technology earns, and…

Jun 4 • [Alexandre Danthine](https://substack.com/@alexandredanthine)

### May 2026

[Where the Spanish balancing market actually pays a premium over the wholesale price](https://alexandredanthine.substack.com/p/understand-spanish-balancing-prices)

Seventeen months of post-MARI clearings, and what they actually look like.

May 28 • [Alexandre Danthine](https://substack.com/@alexandredanthine)

### Monthly Technical Restrictions Report — April 2026

In April 2026, the grid operator redispatched 2,330 GWh upward in the day-ahead phase and curtailed 2,074 GWh of renewables in Phase 2, a clear easing…

May 21 • [Alexandre Danthine](https://substack.com/@alexandredanthine)

### The Death of Inelastic Demand

The textbook assumption is breaking down, and it's reshaping how prices form

Apr 13 • [Alexandre Danthine](https://substack.com/@alexandredanthine)

### How to Think About Negative Electricity Prices: From Macro Trends to Fundamental Drivers

What drives negative bids in the Spanish day-ahead market, and how to forecast them

Apr 2 • [Alexandre Danthine](https://substack.com/@alexandredanthine)

### March 2026

[How Do You Decide What Gets Built? The Quiet Battle Behind Every Long-Term Power Market Model](https://alexandredanthine.substack.com/p/how-do-you-decide-what-gets-built)

The methodologies behind capacity forecasts shapes billions in investment decisions and most people never question it.

Mar 26 • [Alexandre Danthine](https://substack.com/@alexandredanthine)

### Five Years of Spanish Curtailment: The Numbers Behind the Squeeze

Five years of day-ahead data reveal how much renewable energy Spain's day-ahead market rejects, when it hits hardest, and how much flexible demand could…

Mar 19 • [Alexandre Danthine](https://substack.com/@alexandredanthine)

### How Do Spanish Renewable Aggregators Actually Bid? A Day-Ahead Market Deep Dive

Inside the bidding strategies, price signals, and market dynamics behind Spain's growing economic curtailment of renewables

Mar 13 • [Alexandre Danthine](https://substack.com/@alexandredanthine)