Last year was again a good year in terms of PV expansion in China with now 175 GW. However, also total electricity consumption grew pronouncedly by 540 TWh offsetting gains in the renewable part of the generation mix, while generation from thermal fossil-fueled power plants increased as well. LNG to play a central role to cover China`s gas consumption in the future.
“Jamaica in the coal dilemma”, “Black-Green quarrel over coal”, “coal phase-out is the taboo word in the Jamaica debate”. During the exploratory talks on a possible Jamaica coalition, the coal phase-out demanded by the Greens was a central point of discussion. How did the electricity market react to this? Can the struggle for coal capacities to be (not) decommissioned be read off from the electricity price? And what does that say about the energy-only market?
The third wind tender did not bring any major surprises with it – clearly oversubscribed, high dominance of the citizen energy companies and further declines of tendered values. Read more about the tender results and strategies to withstand the competitive pressure in this market environment.
With the aid of blockchain, Europe’s first blockchain project for grid service has started. The transmission system operator TenneT and the battery manufacturer sonnen have started to use the Blockchain from now on in a pilot project.
The results of the second tender for wind-onshore were less highly anticipated than in the first tender in May 2017. After the significant dominance of citizen energy companies and the surprising low price level of 5.78 cent/kWh (highest approved bid), a similar result was expected for the second tender. The market participants were not “disappointed”.
The world’s largest electricity producer reforms its power sector. The development of a provincial spot market is increasingly important to allow for efficient power plant dispatch in China. Zhejiang province aims to introduce a spot market by early 2019.