How Germany seeks to cut electricity costs
The new year was ushered in with stormy weather. Wind turbines were operating at top speed and in many places, the sun was shining. As a result, electricity production from renewable energies in Germany accounted for 125% of demand, according to the Fraunhofer Institute for Solar Energy Systems.
The oversupply drove down the price of electricity on the exchanges, where prices are determined by supply and demand, and for a few hours, electricity was even available for free.
In 2024, an average of 59% of Germany's electricity was generated from renewable sources. But during the winter darkness, this output is far from adequate. December 12, 2024, marked a low point, when only 18% of Germany's electricity needs were met by renewables. The rest had to be generated by coal- and gas-fired power plants, and electricity imports from neighboring EU countries.
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The EU has a common electricity market. This means that during periods of high wind and sunshine, Germany is able to export energy, while during periods of low wind and sunshine, it increasingly has to import energy. Most of the electricity that Germany purchased in 2024 came from France, which meets 70% of its energy needs with nuclear power that is available throughout the........
© Deutsche Welle
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