Renewables reduce the price of electricity, reduce the public deficit and create employment.

The surge of interest in renewable energy has had many reported benefits to Spanish society. Thanks to renewables Spain has become a world leader in thermosolar technology and an important reference in other sustainable energy systems. Thermosolar though is the technology that is most developed, that reinforces the electric grid and creates the most employment.

Renewables have made a significant contribution to bring down electricity prices in the last few years from 7€/kw in December 2007 to 3€/kW in December 2009. Given the tariff structure the industrial consumers have seen the greatest benefit and if the commercial sector decides not to pass on these benefits to the consumer then it is not the fault of the renewable industry.

 

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