Prices for renewable energies in Europe - report 2009

The fifth EREF report on Renewable Electricity Prices in the European Union comes out at very important time for renewables in Europe and globally.It is an interesting harvest of data which show price reduction at its best in countries which have introduced feed-in mechanisms (FiT) for many years and which follow cost digression policies in consequent review cycles in parallel to up-scaling of renewable energy deployment. It also underlines again that natural preconditions vary in the different countries and regions resulting in more or in less harvesting power from renewable sourcesand thus the need to reflect such differences in the support tariff paid per kWh. This right balancing is an important pre-condition for investmentsecurity. In the European Union over the coming decades 400 GW installed electricity production capacity has to be phased out and to be replaced. The majority of this old stock is nuclear or coal fired. How the new energydesign is developed will be crucial for Europe's energy and climate policy. EREF calls for strict priority for drastic energy efficiency and rapid deployment of renewable energies with adequate change in grid structure, storage and demand side management. Modern technologies also through re-furbishing of old building can drastically reduce energy consumption and the installation of renewable technologies house integrated or in local vicinity, enable this sector to become energy neutral or to change into energy producers. This enables Europe's citizens to become self responsible for their energy supply and consumption. Since January 2009, the European Union has committed itself to binding targets for an increase of renewable energies to 20 % of the total gross energy consumption in the EU by 2020. Sincethe last EREF price report two years ago the development of support mechanisms in Europe led overall further towards feed-in mechanisms (FiT).The feed-in or minimum price systems guarantee fixed tariffs for the feed-in ofgreen electricity into the grid. Moreover it sets a legal obligation for utilities and grid operators to buy electricity from producers who use renewable energy sources. Mechanisms for achieving this are discussed. Pricesfor renewable energies in the EU Member States are supplied. For the fulltext of this publication see: http://www.eref-europe.org/dls/pdf/2009/09erefreportfinal.pdf

Language

  • English

Media Info

  • Pagination: 141p

Subject/Index Terms

Filing Info

  • Accession Number: 01148969
  • Record Type: Publication
  • Source Agency: Transport Research Laboratory
  • Files: ITRD
  • Created Date: Jan 25 2010 9:09AM