Browsing the "Institute for Future Energy Systems" Tag

Solar PV Reducing Price of Electricity in Germany

February 9th, 2012 | by Zachary Shahan

Oh, the solar power haters* are going to love this one---a recent study by Germany's Institute for Future Energy Systems (IZES), conducted on behalf of of the German Solar Industry Association (BSW-Solar), has found that, on average, solar power has reduced the price of electricity 10% in Germany (on the EPEX exchange). It reduces prices up to 40% in the early afternoon, when electricity demand is peaking and electricity typically costs the most