More renewables = lower prices. But not more stable prices.
The increasing penetration of renewable energy sources (RES) in European electricity markets is commonly associated with lower wholesale prices. However, its implications for price stability remain ambiguous. Evidence from Bulgaria for 2025 indicates that while a higher RES share systematically reduces average day-ahead wholesale prices, it does not lead to lower price volatility; rather, it is associated with increased short-term price …
More renewables = lower prices. But not more stable prices. Read More »










