aream Press release

The disaster is now official: according to the latest UN climate report, it is “inevitable” that the world will fail to meet the target set out in the Paris Agreement. In the run-up to the upcoming climate conference in Turkey in November, pressure must now be brought to bear. “We will fall short of the target, but at the very least the consequences must be mitigated,” comments Andreas Ehrbar, Chief Operating Officer of the aream Group.

Electricity prices in Germany are at their highest level in four years. On the day-ahead market, the price per megawatt-hour has averaged around 168 euros so far this October. The last time electricity was more expensive was in November and December 2022, when the monthly average stood at 173.60 and 251.60 euros respectively. “The current price is therefore even higher than it was in March 2022, when the war in Ukraine had just begun”, says Patrick Lemcke-Braselmann, CEO of the aream Group. “The reason for this lies in the high gas prices.”

The problem is well known: solar power systems feed their electricity into the grid during periods of high sunshine. The more systems that do so, the lower the price they achieve. In this way, they cannibalise their own revenues. Storage systems break this vicious circle: “Anyone who optimally coordinates storage, photovoltaics and grid connection can turn the structural problem of cannibalisation into a manageable driver of value”, says Patrick Lemcke-Braselmann, CEO of the aream Group.

Despite the expansion of solar and wind power, gas-fired power stations continue to dictate the market price for many hours of the year. “Renewables have already brought down the average price of electricity significantly,” says Patrick Lemcke-Braselmann, CEO of the aream Group. “At the same time, however, the gap between very expensive and very cheap electricity prices is widening significantly.” But there is a solution.