The expansion of renewable energy power stations happens at a faster rate than the electricity network is being built up. The curtailment of wind energy is therefore often the rule instead of the exception.
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The expansion of renewable energy power stations happens at a faster rate than the electricity network is being built up. The curtailment of wind energy is therefore often the rule instead of the exception.
The number of negative spot market prices for electricity decreased in 2016. However, the price level of negative hours has simultaneously been dropping down further.
Innogy Innovation Hub, the bank UBS and the automotive supplier ZF want to simplify the payment procedures for electric cars at charging stations with their new development: The payment system “Car eWallet”. The three companies use blockchain technology for this new system.
The National Energy Administration’s announcement of increased investment into renewables comes at a time where the US politically backs away from clean energy sources. China clearly aims to further establish itself as global renewable energy technology leader.
Even though generating capacities for wind and PV grew in 2016, the electricity generation of both renewables declined by about 1 percent compared to 2015. Power generation in gas-fired power plants experienced the highest growth with an increase of more than 40 percent.
As already experienced in the past years negative power prices also occurred during the Christmas days of 2016. In total there have been 35 hours with negative prices on and around Christmas going down to -67 €/MWh. Low negative prices are mainly a product of low power demand, high wind power generation and inflexible must-run capacities.
What has changed in the power and energy sector in 2016? This short summary allows you to review the most important events of last year.
China’s new 13th Five-Year-Plan for energy reduces renewable energy expansion targets, while addressing high curtailment rates.