price of electricity

Renewables Driving Electricity Prices below $0 Some Afternoons (& Cutting into Baseload Power Plants’ Market…

  Renewable sources of energy such as solar and wind have been outstripping the electricity supply of traditional baseload (coal, nuclear, and some natural gas) power plants during daytime, especially afternoons, in some renewable-leading countries of late. One reason for this is: electricity demand tends to increase during the sunniest … [continued]

Solar PV Reducing Price of Electricity in Germany

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.