Energy: Why industry hardly adjusts its electricity consumption to the market
Wind and solar power make a flexible demand for electricity more important. Industry in particular could make a significant contribution to stabilizing the electricity system - and save costs.
A study by McKinsey has found that large industrial companies in Germany have significant potential to adjust their electricity consumption in response to changes in supply, but are not utilizing this potential sufficiently. The companies could reduce their electricity consumption by 5-7 gigawatts, which would help stabilize the power grid and benefit from lower prices.
However, the current regulatory framework often incentivizes companies to maintain a constant level of electricity consumption, rather than adjusting it to match supply. Industry experts and regulators are calling for changes to the net pricing system to encourage more flexible consumption.
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.
