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.
At the beginning of July 2020, both the Coal Exit Act and the Structural Aid Act were finally approved. Both laws were controversially discussed in advance. This article examines the key points of the two new laws.
Waiting came to an end: the German government has agreed on the most important points of its Corona economic stimulus package. It seems that only the pandemic and the ensuing economic crisis have given politics a leg up. This article gives an overview of the most important changes and points of the Corona economic stimulus package for the energy industry.
While the world looks in surprise at negative prices on the oil markets, these have long been familiar to participants on the electricity market. However, the market results on the electricity exchanges are also anything but normal now: For the first time ever, the price for a baseload delivery falls below zero on a working day.
The results of the tenders for renewable energies were almost predictable. Minimum distances for wind parks and the 52-GW cap for PV remain contentious issues. The figures for the storage sector for 2019 are consistently positive. The effects of the global spread of the new corona virus are particularly noticeable in the energy sector on the price side.
In the second part of this blog series, we elaborate on the links between the coronavirus pandemic and energy markets. Specifically, we examine the possible medium-term consequences for the front years 2021 to 2025 on Europe’s electricity markets due to the coronavirus and the turbulences on the oil market. We conducted the analysis using the fundamental model Power2Sim.
The global spread of the Sars-CoV-2 pathogen has an impact on all global energy markets. With lower demand for energy due to social and economic constraints, commodity prices on the markets have collapsed dramatically.