Saving energy: bringing down energy prices
For every €1 of energy cost saving, an additional €1 could be saved due to lower energy prices
A new report by Ecofys and released by CAN-Europe and Friends of the Earth Europe underlines the indirect economic benefits of energy savings, in terms of reduced energy prices. The evidence examined on the report indicates that real cost savings resulting from meeting the 20% savings target are likely to be considerabley higher than figures commonly cited.
The report highlights the decreasing price of both fossil fuels, due to the reduced European demand, and of electricity prices and the long-term decreasing trend resulting from the reduced investment needs in energy infrastructure in Europe.
As a result, the net cost savings resulting from energy saving measures could be about twice as high as the €107 billion energy cost saving that is expected to result from implementing cost-effective energy saving measures.
Click here for the full report.