Study: Solar power drives down Germany's electricity price – but it's still high
According to a study commissioned by the solar industry, photovoltaic systems have a price-dampening effect on the German electricity market. Both households and companies benefit from this.
A study by Enervis for the German Solar Industry Association (BSW) found that solar energy reduced Germany's electricity costs by €15.7 billion last year. Without solar power, private households would have paid around €100 more per year, and industrial companies with a consumption of 10 GWh would have faced additional costs of €235,000.
BSW head Carsten Körnig stated that more photovoltaic power means more affordable electricity and less dependence on expensive energy imports. Germany has one of the highest electricity prices in the world, with 35.6 cents per kWh, and over 60% of the end price consisting of taxes, levies, and fees.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
