Germany鈥檚 new 2030 goal of 65 percent renewables to make power prices more volatile
The provision in Germany鈥檚 coalition agreement that the country will source 65 percent of its power consumption from renewables by 2030 is likely to make power prices 鈥渕ore volatile and lower鈥� than previously thought, Aurora Energy Research says in an analysis of the treaty agreed by the conservative CDU/CSU alliance and the Social Democrats (SPD). Compared to the initial goal of 50 percent renewables by the end of the next decade, the new goal will 鈥渄epress鈥� prices, and could lead to a 20 percent reduction of coal-fired power production by 2030, the researchers say. Aurora argues that Germany can reach its 2030 climate target by pursuing this policy, but would become a net power importer again by 2025. According to the analysis, Germany is expected to close its first coal plants in the 2020s, and the very last plant will likely be shut down between 2040 and 2045.
See the 威力彩玩法 interview with government energy policy advisor Andreas L枚schel for more information.