Work

Faster deployment of renewables stabilizes electricity prices in Europe

Year: 2025

Type: article

Abstract: 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.

Source: Nature Energy

DOI: 10.1038/s41560-025-01715-x

Authors: Daniel Navia Simon, Laura Diaz Anadon

Institutions: World Bank, University of Cambridge, Harvard University

Language: English

Topic: Renewable Energy and Sustainability

Subfield: Renewable Energy, Sustainability and the Environment

Field: Energy

Domain: Physical Sciences

SDGs: Affordable and clean energy, Climate action

Open Access status: hybrid

Estimated APC paid: $12,690