While the renewable energy levy for 2021 was politically capped in advance at 6.5 ct/kWh, there were major changes in the scenarios of the International Energy Agency’s World Energy Outlook 2020. With rising Corona figures, the commodity markets also plummeted again towards the end of October.
In October 2020, the International Energy Agency (IEA) published its annual flagship, the World Energy Outlook (WEO) 2020. Analysts and politicians observe and use the IEA’s scenarios as an outlook on the energy market of tomorrow. Read more about the main themes and aspects of this year’s WEO in our series. In the first article, we put the WEO 2020 into context and explain the most important findings.
The energy market in September 2020 was dominated by political announcements. The major topics were the amendment to the German Renewable Energy Act 2021 and the ideas to tighten the European climate targets. At the long end the electricity prices went up and down, while peak prices appeared on the European short-term market.
Just in time for the 20th anniversary of the German renewable energy law (EEG) a new amendment is currently being discussed. It is to be passed before the end of this year and is to come into force on January 1, 2021. In this article we explain the most important changes.
While tenders for onshore wind continue to be undersubscribed, there are indications of an amendment of the German renewable energy law in fall this year. At the same time, the first tender for the shutdown of hard coal-fired power plants was launched in August. At the long end, prices in August 2020 rose along with commodities.
What was the development for renewable energies and e-mobility in recent months? What effect did the corona pandemic have on the expansion of both and can conclusions be drawn for the rest of 2020 or beyond? These are the questions we will answer in this article.
The coal phase-out was decided in July 2020, as was the Building Energy Act. The EU Commission has published a hydrogen strategy and the half-year statistics for the electricity sector show strong renewables of over 50 percent. On the price side things continued upwards in July.
There has been little change in the tenders for renewable energies: PV was oversubscribed whereas wind was undersubscribed. However, June 2020 brought news on the legal and political front. Prices at the long end are pointing upwards again more strongly in June 2020.