The price of electricity will continue to be high until at least 2035 due to the expected wave of solar panel installations, which, as they increase in capacity, will create imbalances that will be reflected in consumer bills. After the current wave of photovoltaic installations ends, another one is expected in 5 or 6 years, in storage units.
“In the last year, the speed of light could only be exceeded by the speed at which prices increased! Even if they are kept somewhat in check by subsidies or caps, more recently we see some electricity prices that have reached… interesting values. If the price of carbon certificates and the lack of gas drive energy prices to their current values, it is likely that prices will hold or go a little higher for some time, because there is a lot of investment in green energy, which generates imbalances that will be reversed until trace in our invoices”, said Dor Marian, president of the Wiren company, during the conference “Digitalization and Energy Efficiency – Cluj-Napoca”, organized by Energynomics.
Digitalizing and collecting as much information as possible from power generation facilities will help create a more complete forecast of how renewables will work, but investment in energy storage will be needed over the next five or six years. “The key to economic efficiency will be the production and storage or instantaneous consumption of energy and consumption provided by storage units. It is good to invest in renewables today, but it is good to be aware that it is only the first step and we must be prepared for new situations and for collaborations between market players to find long-term solutions that will guarantee us a price that does not it makes the final consumer suffer,” added Marian.
On the other hand, the fact that the authorities have set a ceiling on the price of energy will further contribute to the expansion of investment in the generation of energy from photovoltaic sources, and this is a positive thing. “For investments, this is a perfect measure and we will have a lot of renewable energy in Romania, which is good. But we will also have many imbalances”, he stated.
Marian added that, at the moment, there are no difficulties in the supply of materials for photovoltaic installations, but European companies and states should invest in such factories in the EU, in order not to depend so much on external suppliers, because the transport of these materials has fully contributed to the increase in the prices of photovoltaic installations.
The “Digitalization and Energy Efficiency – Cluj-Napoca” conference was organized by Energynomics with the support of its partners: Eaton Electric, Elgeka-Ferfelis Romania, Enel X, EnergoBit, Kawasaki Gas Turbine Europe, MET Energy Romania, REI Group, Photomate, Volt, Wiren.