Study refutes cheap energy from wind and solar

Study refutes cheap energy from wind and solar

The assumption that green electricity automatically leads to low electricity prices is being questioned. Politicians and the climate lobby have often pointed out that the production costs for energy from wind and sunlight are low and would lead to low electricity prices in the long term. However, a study of economists led by Grimm shows that this promise is untenable.

The study highlights that the costs for the expansion and infrastructure of renewable energy sources are significantly higher than assumed. This leads to further burdens on consumers and can lead to rising electricity prices in the long term. The idea that cheap green electricity automatically results in cheap electricity prices turns out to be a mistake.

It becomes clear that a more realistic picture emerges when looking at the total costs of switching to renewable energy. The study shows that the supposedly cheap generation costs are not the only factors that determine the final price for electricity. It is important to take these relationships into account and make a realistic assessment of the costs and benefits of green electricity.

The findings from the study by economist Grimm make it clear that the discussion about the costs and benefits of green electricity needs to be more differentiated. It is important to take a realistic look at the overall costs of the energy transition and ensure that consumers are not burdened with rising electricity prices. A sustainable and efficient energy policy requires a sound assessment of all relevant factors in order to achieve positive long-term results.