German power prices reduced by electricity from renewable energy

Electricity generation from renewable energy in Germany is reducing power prices and has left the country with a market whose design no longer works, according to Stadtwerke Leipzig.

German power prices reduced by electricity from renewable energy

Renewable generation, such as wind and solar, receives support from the German government in the form of a feed-in-tariff. Because there are no costs associated with the wind and sunshine, renewables have a generating margin of zero, as well as legally mandated priority access to the grid.

As a result, fossil fuel- fired plants are generating for fewer hours and selling their power at cheaper prices, making them less profitable.

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