Energy crunch in Europe? Energy prices have been breaking one record after another for several weeks. Where does the extreme rise in electricity, coal and gas prices come from? Is the price rally a short-term outlier or a sign of higher energy prices also in the future? In this article, we explain main global and regional causes of the current price developments on the energy markets.
What course was set for the energy industry in 2019 and what will be remembered until the next decade? In 2019, the discussion was completely dominated by the climate package, the “right” CO2 price and the preparations for the coal phase-out. Another top topic from the market side: PPAs come leave their niche. For renewables positive as well as negative records have been set.
The CO2 reduction targets and the CO2-pricing system in the transport and heat sectors have been considered in the previous two parts of this series. The third and last part examines the sectoral measures. The support programmes for private individuals and companies in the buildings and transport sectors are being elucidated on in the following.
The issue of an additional CO2-pricing scheme and the measures for the energy sector are discussed in the second part of the analysis of the German Climate Protection Programme 2030. From 2021, a CO2-price of 10 EUR/ton will apply to the German transport and buildings sectors. The price will rise to 35 EUR/ton until 2025. New regulations also apply to the expansion of renewable energies.
On Friday, 20 September, the Climate Cabinet agreed on the guidelines for German climate policy for the coming decade. The core topic was additional CO2-pricing in the mobility and heating sectors. In the following three blogposts we analyse the climate protection programme 2030. This first bogpost deals with the reduction targets, the structure and the general measures of the climate package. In two following blogposts we will examine the programme in detail.
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?