EnergySustainability
Assessing the impact of wind and solar energy on power prices
In this study we assess the hypothesis that higher shares of wind and solar energy in the power mix result in lower power prices and higher weather induced power price volatility
Executive summary
The variable costs associated with solar and wind energy are very small in comparison to traditional energy sources that typically burn fuel to generate (thermal) power. Therefore, the production of solar and wind energy is associated with lower power prices in the short-term. We assessed the statistical significance of this effect using weekly and monthly data from five different European countries.
Download
Download reportThis report is part of the following bundle
23 June 2021
Energy transition and power prices: ING’s view on long and short-term price moves This bundle contains 5 articles
Content Disclaimer
This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more
This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more