Recharge | ‘Wind and solar have nothing to fear from price cannibalisation’

Cornwall Insight’s research on price cannibalisation features in a recharge article that discusses zero wholesale prices and the effects on renewables against other power sources

As more variable wind and solar is added to the grid, the more wholesale market prices fall — this is known “price cannibalisation”.

According to analyst Cornwall Insight, lower wholesale prices will reduce revenues on a 10MW onshore wind farm by 34% by 2031, compared to 2018 levels.