analysis of the price effect renewable electricity generation on spot market prices in germany frank sensfuss 1 massimo genoese 2 mario ragwittz fraunhofer institut für system und innovationsforschung breslauer straße 48 76139 karlsruhe tel 49 721 6809 133 fax 257 e mail isi de industrielle produktion universität hertzstr 16 76187 608 4417 wiwi uni introduction by energy sources has been growing considerably throughout past years this development led to an intensive debate cost german feed important aspect which be taken into account current discussion is impact privileged paper seeks analyse methodology since bought advance remaining demand load that purchased markets reduced correspondingly therefore guaranteed generated a reduction