Faster deployment of renewables stabilizes electricity prices in Europe
Increasing solar photovoltaic and wind generation capacity beyond European 2030 targets could make electricity prices more stable, with reductions in sensitivity to fluctuations in the price of natural gas possibly outweighing the increasing influence of weather effects. Energy policies should account for the macroeconomic benefits of more stable energy prices as an important motivation for the deployment of renewables, in addition to their contribution to the mitigation of climate change.
Authors
- Laura Díaz Anadón (ORCID: https://orcid.org/0000-0002-2688-118X)
- D. Simon (ORCID: https://orcid.org/0009-0006-0630-4488)
Institutions
- World Bank (US)
- Harvard University (US)
- University of Cambridge (GB)
- Dana-Farber/Harvard Cancer Center (US)
Publication Details
- Journal
- Nature Energy
- Published
- 2025-02-21
- DOI
- https://doi.org/10.1038/s41560-025-01715-x
- Citations
- 2
- Primary Topic
- Integrated Energy Systems Optimization
- Type
- article
- Field-Weighted Citation Impact
- 1.46