Wind Energy Reduces Electricity Prices, Says Independent Study

WARSAW, Poland, April 21, 2010 /PRNewswire/ -- Wind power reduces electricity prices and CO2 emissions, a study published today by the European Wind Energy Association (EWEA) revealed.

The review 'Wind Energy and Electricity Prices', a comprehensive assessment of studies of the impact of wind energy on electricity prices, was carried out by the independent consultancy Poyry AS on behalf of EWEA. It brings together, for the first time, the findings of case-studies in Germany, Denmark and Belgium.

The report finds that in the studies reviewed by Poyry, electricity prices were reduced by between 3 and 23 EUR/MWh depending on the amount of wind power. It concludes that the studies, "essentially draw similar conclusions" that "an increased penetration of wind power reduces wholesale spot prices."

"It has already been well-established that wind reduces CO2 emissions," said Christian Kjaer, EWEA's Chief Executive. "But now we have stronger evidence than ever before that wind power also reduces electricity prices for consumers. The message is clear - if you want affordable CO2-free electricity, increase the amount of wind power in your electricity mix."

Wind power replaces CO2-intensive production technologies, the report finds. The technology that sets the price on the wholesale market is usually hard coal. Wind replaces hard coal power plants during hours of low demand and gas fired power plants during hours of high demand in all the countries the report analysed.

Wind's impact comes about because its low marginal costs pushes more expensive technologies, such as gas and thermal plants, out of the market.

Note to Editors:

EWEA is the voice of the wind industry, actively promoting the utilisation of wind power in Europe and worldwide. It now has over 650 members from almost 60 countries including manufacturers with a 90% share of the world wind power market, plus component suppliers, research institutes, national wind and renewables associations, developers, electricity providers, finance and insurance companies and consultants.

To download the Wind Energy and Electricity Prices report please click here: http://www.ewea.org/index.php?id=11

To see the video presentation of the report please click here: http://www.ewec2010.info/

    For more information contact:
    Paolo Berrino, EWEA
    [email protected]
    +32-2-400-10-55

SOURCE EWEA

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