Electrification and flexibility can slash electricity prices
- Admin
- Jul 7, 2024
- 1 min read
The Mission Solar 2024 report of SolarPower Europe highlights the benefits of flexibility and electrification in reducing electricity costs, increasing competitiveness, and supporting solar project developers. New modeling suggests substantial reductions in energy prices and increased solar capture prices by 2030 and 2040. CEO Walburga Hemetsberger emphasizes the need for a flexibility revolution and calls for new energy transition agendas and EU electrification action plans. The report advocates for flexible, electrified systems to maximize solar energy utilization and achieve higher solar deployment targets, leading to economic gains and emissions reduction.
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