Local pricing could bring electricity costs down, increase supply security in Germany – think tank

Setting up multiple local pricing zones instead of having one big market area could help bring electricity prices down in Germany and increase supply security, according to a report by think tank Agora Energiewende. Under such a local hub system, the majority of households and businesses would benefit from lower electricity prices, with the modelled cost advantage across Germany averaging six euros per megawatt hour in 2023, the report concluded.