With a view to the future of the German economy, the Federal Ministry of Economics is currently working on innovative solutions to lower the industrial electricity price. In particular, consideration is being given to using the electricity volumes from offshore wind farms specifically for the needs of industry and thus making a sustainable contribution to lower electricity prices. Offshore wind energy offers enormous potential for reducing industry electricity costs and thus making a valuable contribution to strengthening and maintaining the German value chain. It is therefore understandable that the federal government is focusing in particular on the considerable cost-cutting potential of offshore wind farms.
BWO Managing Director Stephen Thimm: “The well thought-out use of various instruments plays a role in reducing industrial electricity costs in Germany. These include bilateral contracts for difference and green PPAs. However, it is of great importance that existing marketing channels and financing instruments such as power purchase agreements (PPAs) are not impaired. Because on this market, large industrial companies are already increasingly concluding PPAs for green electricity deliveries at attractive conditions. It is therefore a question of using the two instruments in a targeted manner for different customer groups.”