Pressemitteilungen der Energiewirtschaft seit 1999

fotolia 73444491 1280 256

Press Release

Herausgeber: Internationales Wirtschaftsforum Regenerative Energien (IWR)

Wholesale electricity prices in October 2023: -43.1 per cent compared to the same month last year

Wholesale electricity prices in October significantly below the previous year © flashpics / Adobe Stock' />
Wholesale electricity prices in October significantly below the previous year's level
© flashpics / Adobe Stock
Münster (renewablepress) - Wholesale electricity prices in Germany were 43.1 per cent lower in October 2023 than in October 2022 despite the nuclear phase-out in April 2023, according to an analysis of data from the EPEX Spot Power Exchange by the Internationales Wirtschaftsforum Regenerative Energien (IWR).

The monthly price for wholesale electricity for the German market area reached an average of 8.7 ct/kWh in October 2023 (Oct. 2022: 15.3 ct/kWh). Even in a two-year comparison (Oct. 2021: 14.0 ct/kWh), this is a significant drop of 37.9 per cent, although six nuclear power plants were still in operation in Germany at this time in 2021.

"The reasons for the drastic drop in wholesale electricity prices are the significantly lower gas prices, the gradual return of French nuclear power plants to the electricity market in 2022 and the rapid expansion of renewable energies in the current year," said IWR head Dr Norbert Allnoch in Münster.

However, the lower gas prices in 2023 will once again ensure increased use of gas-fired power plants in Germany, while coal-fired power generation has slumped sharply in the first 10 months of 2023 despite the nuclear phase-out: According to data from the transmission system operators (ENTSO-E), the use of lignite to generate electricity fell by 20 per cent, while hard coal-fired power plants produced almost 32 per cent less coal-fired electricity than in the same period of the previous year.

The rapid expansion of renewable energies in Germany has also had a dampening effect on prices in 2023. From January to October alone, new wind and solar power plants with a record total capacity of almost 14,900 MW went into operation in Germany. Around 3,200 MW of this power plant capacity is attributable to wind energy and 11,700 MW to photovoltaics.

Download press images:

Caption: Wholesale electricity prices in October significantly below the previous year's level
© flashpics / Adobe Stock

Caption: Wholesale electricity prices in Germany from June 2021 to October 2023

Münster, 21 November 2023

Publication and Reprint free of charge; please send a voucher copy to Internationales Wirtschaftsforum Regenerative Energien (IWR).

Attention editorial offices - For further questions please contact:

Media contact:

Internationales Wirtschaftsforum Regenerative Energien (IWR)
Dr. Norbert Allnoch
Phone: +49 (0)251 / 23 946–0
Fax: +49 (0)251 / 23 946-10
E-Mail: info@iwr-institut.de

Internationales Wirtschaftsforum Regenerative Energien (IWR)
Soester Str. 13
48155 Münster

Internet: https://www.iwr-institute.com


Online-Pressemappe - alle Pressemitteilungen der Internationales Wirtschaftsforum Regenerative Energien (IWR) | RSS-Feed abonnieren

Pressebilder nur für die redaktionelle Verwendung
Hinweis: Für den Inhalt der Pressemitteilung ist der Emittent / Herausgeber der Meldung »Internationales Wirtschaftsforum Regenerative Energien (IWR)« verantwortlich.

Die Pressemitteilung "Wholesale electricity prices in October 2023: -43.1 per cent compared to the same month last year" von Internationales Wirtschaftsforum Regenerative Energien (IWR) ist auch in folgenden Sprachen abrufbar

Daten werden geladen...
Daten werden geladen...

About Internationales Wirtschaftsforum Regenerative Energien (IWR)

In 1996, the International Economic Platform for Renewable Energies (IWR) was established as an independent and private service institution of the renewable energy industry. The IWR focuses on the fields of research, economic and policy consultation as well as media and international networks in the renewable or regenerative energies sector. One main objective of the IWR is to play an instrumental role in introducing and spreading awareness for an industrial, international business profile of the renewable energy industry.
Dr. Norbert Allnoch, Director of the International Economic Platform of Renewable Energies (IWR), 1995, on the definition: "According to our definition, the Renewable Energy Industry is one which takes an interdisciplinary approach to the issue of renewable energy supply (protecting both the climate and resources) and the construction of renewable plants and systems (industry policy for the three areas electricity, heat and fuel."Chronology of the Renewable Energy Industry - Important IWR contributions, including prizes and awards - 2007 Publication of the first structural analysis for a federal state according to the IWR-analysis method for renewable systems engineering and services�(study "Zur Lage der regenerativen Energiewirtschaft in NRW" )2007 International network-contacts:IWR-director Dr. Allnoch speaks with King Harald V. of Norway and �slaug Haga, norwegian minister of energy Presentation of the network / RENIXX in the USA, dialogue with McGinty, environment minister of Pennsylvania2006 IWR starts renewable stock index RENIXX� (

More Information about Internationales Wirtschaftsforum Regenerative Energien (IWR)