IMPACT OF PV PRODUCTION ON WHOLESALE ELECTRICITY PRICES
On the occasion of the European Photovoltaic Solar Energy Conference and Exhibition in Hamburg 14 – 18 September, Becquerel Institute, in partnership with Green Giraffe Energy Bankers, was awarded the Poster Award for the paper “Impact of PV Production on Wholesale Electricity Prices” by the scientific committee in the thematic area of “PV – A major electricity source”
The paper provides a method to quantify the savings in a set of European countries (Germany, Austria, France, Switzerland, Italy – the so-called GAFSI) over the past 9 years as a result of the decrease in electricity spot market prices observed when PV plants feed electricity into the grid. The cumulative gain over the period 2006 to 2014 reaches € 26 Bn for the whole GAFSI region. On average, the wholesale prices would have been 3.7% higher over the 9 year period, had there not be PV electricity fed into the grid.