FÖS Study Reveals High Costs of New Gas Power Plants for Germany's Energy Transition
A new FÖS study commissioned by Green Planet Energy reveals that the societal costs of new gas power plants in Germany range from 35 to 67 cents per kWh, making renewable alternatives cheaper. The study models a 500 MW gas plant to be operational by 2030, highlighting that gas power costs are significantly higher than those from wind and solar. With recent gas price spikes due to geopolitical tensions, the study underscores the financial risks of relying on gas as a backup for renewable energy.
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The FÖS study indicates that the societal costs of new gas power plants in Germany are between 35 and 67 cents per kWh, significantly higher than renewable sources. The analysis is based on a 500 MW reference plant starting in 2030, with operational costs estimated at 23 to 28 cents per kWh, influenced by CO2 pricing.
The study highlights the impact of rising gas prices, which have surged nearly 70% recently due to geopolitical issues. It argues that renewable technologies such as bioenergy and green hydrogen could provide backup power at similar or lower costs, emphasizing the need for a shift in energy strategy to reduce dependence on gas.
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