Local pricing could bring electricity costs down, increase supply security in Germany – think tank

A future-proof and climate-neutral energy system needs a smart electricity market design that reconciles generation, storage and demand. [...]

The average wholesale price of electricity on the Exchange is at its lowest level in the last six months so far in April, which creates the conditions for a further reduction in electricity tariffs in May. At the same time, the Ministry of Environment and Energy is launching interventions at the national and European level to contain the cost of electricity, on a permanent basis and regardless of the situation in the international market and dom…

One, three or 22 electricity price zones? According to a new study by Agora Energiewende and Fraunhofer IEE, more would be better, because this would reduce the costs for consumers, increase the security of supply and provide incentives for flexible consumers. The latter is not the case with the existing single electricity price zone in Germany. In the coming week, the so-called "Bidding Zone Review" will be published by the European electricity…

Local pricing could bring electricity costs down, increase supply security in Germany – think tank

A future-proof and climate-neutral energy system requires a clever electricity market design that balances generation, storage and demand. A new study by Agora Energiewende in collaboration with Fraunhofer IEE shows how local prices can optimize the utilization of German power grids and relieve consumers through lower electricity prices. The 96-page paper examines the advantages and disadvantages of introducing local price signals on the German …