“Energy efficiency market grows despite decreased energy prices”

The turnover of German companies in the business of supplying energy efficiency solutions grew about 6 percent to 143 billion euros in 2016, compared to 2015, according to a study by German Industry Initiative for Energy Efficiency (DENEFF) and consultancy PwC. This was despite decreased energy prices. The study is based on a survey among 159 companies in the sector. The sector employed about 566,000 people in 2016. The energy efficiency sector developed above average, which the market entry of many new companies showed, said Carsten Müller, head of DENEFF. “The fact that this happens despite low energy prices shows that the government’s policy is on the right track,” said Müller.

Find the press release in German here and the study in German here.

For background, read the CLEW dossier The Energiewende and Efficiency.