Germany cancelled the photovoltaic grid-connected subsidies during the period of negative electricity prices, and a series of policies were introduced to benefit energy storage
The German Parliament passed the draft Bill on amending the Energy Economy Law to avoid Temporary excess power generation (also known as the Solar Peak Act), officially announcing the cancellation of photovoltaic grid-connected subsidies during negative tariff periods. This policy change is intended to reduce the financial pressure on the federal renewable energy EEG account, while promoting more efficient management of grid supply and consumption, ensuring that the target of 80% renewable energy generation by 2030 can be safely and economically achieved. It is expected to take effect in early March this year 2025. According to data from the German Solar Energy Industry Association (BSW-Solar), by the end of 2024, Germany has installed 1.8 million energy storage systems with a total capacity of 19GWh, an increase of 50% compared to the previous year. Among them, home energy storage occupies the leading position, with a total capacity of 15.4GWh. Commercial and large energy storage markets are strong.