German baseload power cheaper than French 12 months running, Renewables International, 7 Oct 12 Yesterday, the European Energy Exchange (AEX) released figures for September, revealing that the price of baseload power in Germany has fallen by nearly 0.8 cents per kilowatt-hour over the past year – and has been cheaper than baseload power in France for 12 consecutive months.
The EEX published the trading results for September yesterday, but unfortunately the press release is currently only available in German.
What it shows is that day-ahead prices in Germany & Austria are lower than in France or Switzerland both in terms of base load and peak load. Indeed, though the press release explains that prices on the German and French markets “converge 75% of the time” (during periods of low consumption, such as during the night and on weekends), the difference in prices has become considerable, with the difference in base load prices being 4% on the average for September…..
day-ahead prices have been lower in Germany than in France for 12 consecutive months. The average German baseload price in September was slightly below the price in August, so the downward pressure on prices continues. The drop over the past 12 months in Germany has indeed been quite dramatic at around 18% – from 5.264 cents per kilowatt-hour in
September 2011 to the current 4.467 cents last month.
The news is especially important because nuclear power, which provides slightly more than 75% of France’s power supply, is often held to be an especially inexpensive source of baseload power. Furthermore, opponents of renewables repeatedly voice their concern about the cost impact of green power scaring away industry. …..
http://www.renewablesinternational.net/german-baseload-power-cheaper-than-french-12-months-running/150/537/57302/
