With its current “EU Energy Outlook 2050”, Energy Brainpool shows long-term trends in Europe. The European energy system will change dramatically in the coming decades. Climate change and aging power plants are forcing the European Union and other countries to change their energy policies. What do these developments mean for electricity prices and revenue potential for photovoltaics and wind?
Energy Brainpool shows long-term trends in Europe with its “EU Energy Outlook 2050”. The European energy system will change dramatically in the upcoming decades. Climate change and an aging powerhouse are forcing the European Union and other countries to readjust their energy policies. What do these developments mean for electricity prices and revenue potential for photovoltaics and wind?
If the electricity prices on the spot market are negative for at least six consecutive hours, the payment of remuneration for renewable energies will cease. This matter of fact is determined by §51 of the EEG 2017. Nevertheless already this year in the period of the 28th to the 29th of October, 21 consecutive hours with negative prices have been recorded. As a result the future assures that renewable energy systems will be denied by compensation payments. Energy Brainpool has published a white paper which examines this risk over the period 2016-2036.
The “gloomy” September 2017 lead to a decline in solar production of around 33 percent compared to the previous month. Baseload prices are rising, due to the decline in production from variable renewable energy sources (vRES).
Starting with the year 2021, the first wind turbines will leave the EEG subsidy regime. From a technical perspective, a further operation of some plants is possible. However, is this feasible under economic conditions?
Despite a slight decline in the production of variable renewable energies sources (vRES) of around 3 per cent, the baseload price in Germany fell by around 2.2 EUR/MWh in August 2017 compared to the previous month. The reason for this was…
In July 2017, the production of variable renewable energy sources (vRES) fell by approx. 17 per cent compared to the previous month. With a drop of around 23 per cent onshore and offshore technologies, were particularly affected. In contrast, the sales values for wind-onshore and wind-offshore increased by around 20 percent and 16 per cent for solar power plants compared to June 2017. Hence, the sales revenues remain at a constant level.
The electricity production from variable renewable energies (vRES) increased by 13 per cent compared to the previous month. This is shown by the generation data of ENTSOE Transparency. June’s sales values of wind onshore and offshore decreased by roughly 18 per cent. In contrast to May 2017, the sales value of PV declined by only 7 per cent.