alt Hacker NewsThis seems highly doubtful. If solar saves money, why does Germany (with a lot of solar) have higher rather than lower energy prices?
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Partly because they still use coal, which is heavily taxed under the emissions trading scheme and partly because of the way electricity auctions work in most of Europe, namely every participant sells at the price offered by the highest bidder.
Spain opted out of this system and is now enjoying cheap wholesale electricity, which is fueling an industrial revival.
Did you consider that Germany has solar because of high energy prices?
The price of electricity is set by the marginal cost of the most expensive individual source - if your grid is 80% solar, 20% coal, the price you pay is the price of coal, because the solar providers can increase their prices to just below that of coal. Obviously I'm simplifying somewhat, but that's the general dynamic.
This is "by design" in the sense that it offers big subsidies to more solar generation to come online, but you won't see the biggest price cuts until the last expensive sources are pushed off the grid entirely. Because Germany's marginal source is coal, they pay way more than countries whose marginal source is gas or nuclear.
Er... No?
Electricity prices in Germany are lower than last year.
https://www.zeit.de/wirtschaft/energiemonitor-strompreis-gas...