Wind power is driving Spanish electricity prices down at a time when fuel prices are increasing, notably gas prices, according to the chairman of Spanish utility Endesa, Jose Entrecanales. Endesa's chairman has said that the wind power proposition is already paying off in Spain, bringing down electricity prices and contributing to job creation due to exports of renewable equipment. According to a study undertaken in 2008 by Endesa's markets division, the wind power capacity on the Spanish grid contributed to a reduction in electricity market prices of around E6 per MWh.
Energy Business Review
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