Renewables Boost Europe's Energy Stability

This is a UK news story, published by University of Cambridge, that relates primarily to Navia news.

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energy markets

University of Cambridge

•

Science

Electricity prices across Europe to stabilise if 2030 targets for renewable energy are met

Summary

Nutrition label

83% Informative

UK and Ireland would be the biggest beneficiaries, with 44% and 43% reductions in the severity of electricity price spikes by 2030 , compared with last year .

The intensity of spikes in power prices are predicted to fall in every country by the end of the decade if commitments to green energy are met, as natural gas dependency is cut.

Europe might have to rethink how its energy markets are designed, Navia says.

Europe might need to rethink what incentives it can offer to the private sector to maintain the societal insurance value it gets from renewable energy.

Navia : If we are to fully utilise solar and wind as a security tool, Europe might.

rethink how.

its energy market is designed,’ she says.

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Informative language

Neutral language

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semi-formal

Language

English

Language complexity

Offensive language