Renewable energies: Study shows reduction in electricity prices by 2030
A current study by Agora Energende, which was carried out in cooperation with Aurora Energy Research, illuminates future electricity requirements and the need to comply with the expansion goals for renewable energies in Germany. According to the study, the average stock exchange current price could decrease by almost a quarter by 2030 if the federal government remains consistent when expanding wind and solar energy. This findings are gaining in importance, especially against the background of the political efforts, to relieve electricity prices for households and industrial companies, as [oekonews.at] (https://www2.oekoneews.at/studie- zu-stromfreiFerbarbenreben- expansion target-setting electricity.
The study analyzes two scenarios: In the first scenario, a rapidly increasing demand for electric cars, heat pumps and CO2-neutral industrial production is expected. The second scenario assumes a continued but lower electricity requirement. Regardless of the scenario, the analysis shows that the expansion of renewable energies leads to lower electricity prices. In numbers, this means that the electricity price could be reduced between 1.60 and 1.90 euros per megawatt hour for each euro.
current price forecast and consumption relief
Uniformly, the study estimates that households and companies can be relieved of between 12 and 14 billion euros annually, depending on which scenario occurs. The average price of electricity could fall in the scenario with the higher demand to around 81 euros per megawatt hour, while it remains 85 euros in the weaker scenario. In contrast to a possible cap of the expansion objectives of wind and solar energy, which would lead to increasing prices, such as [energyzukunft.eu] (https://www.energiezukunft.eu/wirtschaft/ausbau-erneuererer-enzen-senkt-boersenstrom prices) analyzed.
In the same breath, it is emphasized that the costs for network expansion will not decrease regardless of the expansion goals. These costs would only be transferred to the future, which underlines the need for clear legal regulations and incentives to achieve the desired climate neutrality.
Current status of the energy transition
A look at the current situation of the energy transition shows progress, but there are also considerable hurdles. While the proportion of renewable energies in gross electricity consumption in 2024 increase to 55 % and photovoltaics increased by 17.0 GW, the wind energy expansion remained behind the targets. Bdew.de also points out that the approval processes for wind power showed progress, but still have significant problems.
The need for a new electricity market design is becoming increasingly urgent, especially to promote controllable power plants and flexibility. In this context, practical measures are also required to support the hydrogen market high run, since the forecast electrolysis capacity of 10 GW by 2030 has so far only been secured to 1.6 GW.
In summary, it can be seen that the consistent expansion of renewable energies not only increases the economic benefits, but can also make a decisive contribution to climate neutrality and the stability of electricity prices, provided the legal framework is optimized accordingly.