In early 2024, Germany saw a surplus in renewable electricity production, meeting 125% of demand, which temporarily drove prices down, even making electricity free for hours.
Despite averaging 59% renewable generation for the year, Germany's reliance on coal and gas became starkly evident during winter months, particularly on December 12, when renewables only met 18% of needs.
The dynamics of the European Union's electricity market allow Germany to export power during advantageous conditions but necessitate imports during low production periods, notably from France's nuclear energy.
In 2024, German electricity prices soared to €936 per megawatt-hour due to various costs, including grid charges and taxes, yet most consumers remained insulated from these fluctuations through long-term contracts.
Collection
[
|
...
]