Groundbreaking study into the impact of wind and solar generation on electricity markets in North-West Europe
The creation of an offshore 'super grid' and a major upgrade of energy interconnections are not the silver bullet solutions to Europe's energy needs, an independent study published by Pöyry has found. The report has found that the introduction of improved connectivity would only partially alleviate the volatility of increased renewable energy generation.
In the North European Wind and Solar Intermittency Study (NEWSIS) Pöyry conducted detailed market analysis of the future impacts wind and solar energy have on the electricity markets across Northern Europe as it heads towards the 2020 decarbonisation targets and beyond.
The study also concluded that weather is going to play a major role in determining how much electricity is generated and supplied to home and businesses throughout Europe, with electricity prices much lower when it is very windy, but unfortunately higher when it is still.
A public extract from the main study is available to download here.