April 2nd, 2023
How are electricity prices determined? Is the merit order model, which forms the price on the electricity exchange, still up-to-date in relation to the increased conversion to renewable energies? Our expert in the loaded podcast, Prof. Dr. Bruno Burger (KIT & Fraunhofer) assumes that extreme situations like the one on February 10, 2023 will become more frequent in the future.
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There was a lot of wind in the north, low exchange electricity prices, the power plants in the south were not used, pumped storage then bought a lot of electricity, the north-south lines had too little capacity and so power plants in the south were activated for redispatch. We discuss the electricity price zones, a reform of the merit order as well as the power lines and grid expansion.
