The year 2022 is primarily dominated by the Russian-Ukrainian war. The resulting geopolitical changes caused a state of emergency on the power markets this year. However, the framework conditions for the energy industry will not be the same in the future: energy security, diversification as well as efficiency and savings measures are coming to the fore. In the short term, energy prices in the EU have risen to record levels. The consumption of natural gas in Germany has already been reduced year-on-year. In the coming months, it will remain important to keep an eye on gas import volumes and the filling levels of storage facilities.
With the current “EU Energy Outlook 2060”, Energy Brainpool shows long-term trends in Europe. The European energy system will change dramatically in the coming decades. In addition to climate change and an outdated power plant fleet, current geopolitical tensions are also forcing the European Union and many countries to change their energy policies. What do these developments mean for power prices, revenue potential and risks for photovoltaics and wind?
Prices on the European gas market have fallen sharply since August 2022 and Europe’s gas storage facilities are almost full. That raises the question if the situation on the gas market is relaxing. Find the most important answers and developments in this article.
Prices on the European spot markets for electricity are at their highest levels since the beginning of exchange trading. The exchanges had to introduce higher price limits to react to the situation. What is currently happening on the short-term markets and what will happen in winter?
After the outlook for European gas-supply security improved significantly in May 2022, current developments are worrying. First, it is announced that US LNG export capacity is limited for the near future, then Russia significantly cuts supply volumes via the important Nord Stream 1 pipeline.
Reducing dependence on Russian gas is the order of the day. Thus, import LNG terminals will soon play an important role in Germany. The idea of building import terminals for liquefied natural gas (LNG) on the German coast is already several years old. However, political support for the construction of the planned facilities in Brunsbüttel, Wilhelmshaven and Stade was limited. Moreover, investment decisions by economic actors also dragged on for a long time, were put on hold or planning was very slow.
The European energy system will change dramatically in the coming decades. In addition to climate change and an outdated power plant fleet, current geopolitical tensions are also forcing the European Union and many countries to change their energy policies. What do these developments mean for prices, revenue potential and risks for photovoltaics and wind?
The energy systems of the two largest EU countries differ. A comparison of the electricity sectors in particular shows the contrasts. Electricity generation in France is dominated by nuclear power, which accounts for almost 70 percent, while Germany’s electricity mix relies on coal and natural gas as fossil fuels for one-third of the total. Follow us in this article as we explore the differences between the two energy systems.
Just by looking at the primary energy consumption of the two countries, the differences between France and Germany become clear. France’s primary energy consumption of about 10000 PJ was for many years about one third lower than that of Germany. However, in addition to the higher economic output, the high shares of coal-fired power generation in Germany also played an important role.