Germany’s »markt value solar« increases with exchange electricity prices
Post date: 11/09/2023 - 13:07
After the monthly average in the base load segment for the market area Germany/Luxembourg on the European power exchange Epex Spot rose in August by 21.5 percent to 9.432 euro cents (10.091 ¢) per kilowatt hour (July: 7.761 euro cents), the German »market value solar«, which always develops in parallel, also increased: It rose by 45.6 percent to 7.533 euro cents (July: 5.173 cents). The market values for onshore wind power (6.631 euro cents) and offshore wind power (7.334 euro cents) recorded similar upward movements.
The market values are the average revenues determined by the German transmission system operators when trading electricity from wind and solar power plants subsidized under the country’s Renewable Energy Law (EEG). The market value of solar had reached an all-time high of 39.91 euro cents (42.70 ¢) in August last year in the wake of the general electricity price explosion, while a year earlier it was at 7.681 cents, roughly the same level as at present.
PV systems in so-called direct marketing are reimbursed for the difference between the remuneration to which they are entitled and the market value (if such a difference exists). Currently, around 27.6 gigawatts of solar capacity, i.e. 37 percent of the total installed capacity in Germany, is in direct marketing.