Utilities put renewable energy at disadvantage with future contracts
IWR
Renewable energy generation in Germany is being disadvantaged by the practice of leading utilities RWE, E.ON and Vattenfall of selling electricity well into the future, Germany’s Internationales Wirtschaftsforum Regenerative Energien (IWR) reports. By doing so, utilities can earn higher prices than current market levels and enjoy greater planning security, but the practice also impacts grid capacity and puts renewable energy at a disadvantage. A Reuters report said Germany’s leading utilities have already sold most of their expected output for 2017 and 2018, according to the article.
Read the article in German here.
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