Climate Changed
This Is How Germany Perfected the Free-Electricity Model
- Utilities can still make money when power stations shut
- RWE to balance below-zero price risk with more renewables
A wind farm in Bedburg, Germany.
Photographer: Martin Leissl/BloombergThis article is for subscribers only.
Nothing has upended the old utility model and the European power markets more than the renewable energy revolution.
And nowhere is that clearer than in Germany -- the biggest trading market and where the penetration of solar and wind power has had the biggest impact as solar capacity alone has surged more than tenfold in the past decade.