analysis
Environmental agency: Renewable could lower consumer prices
The European environmental agency EEA considers renewable energies to be a key to reducing electricity costs. This is just one of the advantages that the experts show in a new analysis.
According to an examination, the expansion of renewable energy sources such as wind power and solar power can reduce the electricity costs of consumers in the long run. As can be seen from a new analysis by the European Environment Agency EEA, the variable electricity generation costs in the European Union could decrease by up to 57 percent compared to 2023. For this, however, the EU target marks for renewable energies and energy efficiency had to be observed.
In the short term, these savings – at least partially – could be canceled by the investment needs for a more flexible European power grid and other national expenses, the experts write. In the long term, consumers could save money.
Transfer the success of the electricity sector to other emission sources
The environmental agency based in Copenhagen examines in the report how the renewable and electrification is in the EU. It comes to the conclusion: An expansion of renewable power sources could not only reduce the costs of electricity generation, but also improve the energy independence of the EU countries and support the transition to a clean industry.
In addition, faster electrification in heating, traffic and industry is necessary to support Europe on the way to a green and competitive future, the EEA writes. The EU has already proven in the electricity sector that it was able to say goodbye to fossil fuels and to drastically lower its CO2 emissions. In contrast, when the heating and traffic decarbonization – where gas and oil dominate – progress slower.
dpa
Source: Stern
