Germany’s power mix boasts more renewables, lower spot market prices

Germany’s power mix boasts more renewables, lower spot market prices – despite nuclear exit

Germany’s shutdown of nuclear power plants in April did not result in a
ramp-up of lignite-fired power plants, despite concerns. Instead, there has
been a significant increase in the share of renewables in the electricity
mix, and the proportion of coal-generated electricity has fallen by more
than 20%.

Electricity in Germany has become cheaper and cleaner since its
last three nuclear power plants were shut down, according to new data from
the Fraunhofer Institute for Solar Energy Systems ISE. Net electricity
production from lignite and hard coal has decreased by more than 20%, while
natural gas has experienced a minor decline.

In contrast, renewables have
reached a record share of 57.7% of net electricity generation. According to
Fraunhofer ISE, the German energy system successfully managed the nuclear
phase-out. The decommissioned reactors’ reduced output was offset by lower
consumption, decreased exports, and increased imports.

PV Magazine 4th July 2023 https://www.pv-magazine.com/2023/07/04/germanys-nuclear-exit-leads-to-more-renewables-lower-spot-market-prices/