Study: renewables would reduce electricity costs

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New short study by the Energy Watch Group (EWG) finds: Electricity would already be cheaper today with a full supply of 100% renewables

In the coalition negotiations for the new German government, both ambitious climate protection and the reduction of electricity prices play a central role. The previous government still expects only 45% renewables in the electricity mix by 2025. A new short study by the Energy Watch Group offers an answer to the rising energy costs: The study calculates that a full supply with 100% renewables would already be economically competitive today compared to the current energy system based on coal, natural gas and nuclear. By 2025 at the latest, an energy system based on 100% renewables would then be significantly cheaper than power... ... More: Official Press Release Energy Watch Group

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Energy Watch Group, study, renewable energy, costs, reduction, government, Germany, electricity prices, storage