Coal-fired power generation is sinking, wind is disappointing in tenders for renewable energies and PV is booming, and the National Hydrogen Strategy is making progress – these were the big issues in February.
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Coal-fired power generation is sinking, wind is disappointing in tenders for renewable energies and PV is booming, and the National Hydrogen Strategy is making progress – these were the big issues in February.
According to the current Public Utility Study 2019 of the bdew, an agile and innovation-promoting corporate culture is virtually essential for survival in the energy market. But what does this mean?
In order to limit price peaks in the balancing energy price, the Federal Network Agency introduced the mixed-price system in the balancing market. However, this procedure was not free of problems either.
In the second part of our series on the “The German electricity balancing market in transition” we discuss what problems arose during implementation and how the market behaved.
On a quarterly basis, we take a look at the theoretically achievable sales revenues of onshore and offshore wind turbines as well as photovoltaic systems and we analyse the respective background.
While the EEG amendment for 2021 has still not been finally adopted, the new energy balancing market started in Germany on 2 November 2020. Besides that, the EU Commission has approved the German coal phase-out. Prices on the futures market rose again in November 2020.
After long discussions, the federal and federal state governments agreed on changes to the climate package before the end of the year. The Federal Network Agency also announced a number of tender results for renewable energies. In addition, the third smart meter gateway was certified, so their rollout can begin soon. However, a real end-of-year rally on the price side of things can only be noted for oil.
With the draft of the Coal Exit Law, the Federal Government has not only put the tender procedure for the shutdown of coal capacities on paper. At the same time, changes were announced for renewable energies. According to the International Energy Agency’s World Energy Outlook 2019, global CO2 emissions might rise until 2040. In terms of prices, November continues where October left off: going down.
In order to maintain security of supply at a high level, there must always be a balance between production and consumption in the electricity supply system. This form of system security is the responsibility of the transmission system operators (TSOs).
The balancing energy market exists to enable grid operators to cost-effectively compensate for power and voltage fluctuations in the transmission grid. How this market works is explained in the first part of the series “The German electricity balancing market in transition”.