Energy Storage Saves Germans 85% in Energy Cost

By May 2015, Germans will pay 85% less for electricity than their counterparts across the channel. Within two years, UK energy prices is predicted to hit £53.06 per megawatt-hour, while the same amount of electricity will cost only €33.30 in Germany. The eye-popping statistic comes from a set of data gathered by Bloomberg. It is thought that the huge variation in prices is due to Germany’s concerted effort to introduce renewables into its energy infrastructure. Indeed, renewables presently make up about a third of Germany’s energy generation, while the number stands at a paltry 11% in the UK.

Simon Daniel of Moixa Technology attributes the reason for Germany’s lower energy prices to the subsidy program for energy storage systems in solar installations. He added that keeping power in reserve for use at night is “is helping our European neighbour to realise the full potential of renewable technology”.

Source and read more 

If you want to know more about this and other topics directly from end users of energy storage technologies join us at one of these annual events: The Energy Storage World Forum (Grid Scale Applications), or The Residential Energy Storage Forum, or one of our Training Courses.

LATEST ARTICLES

Ultracapacitor UPS (U-UPS) for voltage dips and micro-interruptions

Power interruptions are the most frequent power supply problems with wide-ranging consequences for industry. The causes of these interruptions include short-circuits in the distribution grid, lightning strikes, the connection and disconnection of power plants as well as volatile energy producers such as wind and solar. Because technologies and production processes are becoming increasingly complex, the…

Read More

★REVIEWS

“Probably the most interactive and well organized storage event on the calendar.”

★★★★★

Sales Director, S&C

“Great topics, competent speakers, good networking: keep it like that.”

★★★★★

TLC & SCADA Manager, FRI-EL

“High scientific content, well targeted, perfect organization.”

★★★★★

Expert Technical & Governance, Elia

Excellent networking event. The sponsorship was well worth it.”

★★★★★

Manager, ATL

View More

x