Study: Gas-Fired Electricity Costs Up to €0.67/kWh, Renewable Options Remain Cheaper
A study by FÖS, commissioned by Green Planet Energy, indicates that gas-fired electricity could cost up to €0.67/kWh due to externalized costs, while renewable energy options remain below €0.10/kWh. The analysis suggests that gas plants planned by the German government as backups for renewable energy are among the most expensive options for supply security. The report highlights that new gas plants require significant subsidies and emit considerable CO₂, contributing to climate damages that are not accounted for in current pricing.
Theia Market Signal Identification - AI Assisted
A study by Forum Ökologisch‑Soziale Marktwirtschaft (FÖS) for Green Planet Energy finds gas-fired electricity could cost up to €0.67/kWh, influenced by externalized costs. Levelized costs for gas-fired plants are around €0.192/kWh, rising to €0.35-€0.67/kWh when including external costs and potential geopolitical crises.
The study critiques gas plants as expensive backup options for Germany's renewable grid, showing renewable energy remains below €0.10/kWh. It emphasizes the need for subsidies to make gas plants profitable, with potential emissions from new plants leading to significant climate damages. Renewable alternatives like bioenergy and green hydrogen offer lower costs without geopolitical risks.
Comments