The German government’s power plant strategy is leading to significant changes in the conventional power plant fleet. What developments have shaped the past and why are gas-fired power plants essential for the energy transition?
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© Renáta Sedmáková / Fotolia
© Renáta Sedmáková / Fotolia
Energy BrainBlog
Blog by Energy Brainpool GmbH & Co. KG
Tag: Energy Economy (page 1 of 24)
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EEA – do we need a coal phase-out?
20. December 2023 / / 0 Comments Analysis: Coal Market, Commodity markets, Energy Economy, Natural Gas Market
Coal will be phased out of the German electricity mix by the end of 2038 at the latest. The last coalition led by Chancellor Angela Merkel had already agreed on this. If the current coalition government has its way, the coal phase-out would ideally be completed by 2030.
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Hardly any other market in Germany has undergone as rapid a change in recent years as the market for battery storage. Within ten years, battery storage systems with a total of 6.5 GW power and 10.1 GWh energy have been installed.
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Energy Market Review August 2023
21. September 2023 / / 0 Comments Series: Coal Market, Energy Economy, Energy Policy, Europe, Prices, Renewable Energy
In August 2023, the German energy market experienced record-breaking electricity generation from wind and solar. However, this is not the only thing that is causing problems for coal. In the meantime, the increased CO2 prices also mean a significant competitive disadvantage for fossil energy generation. Gas and oil prices did not settle down in August either. The LNG strike and OPEC production cuts drove prices up.
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Energy Market Review May 2023
30. June 2023 / / 0 Comments Series: Commodity markets, Energy Economy, Energy Policy, Europe, Prices, Renewable Energy
May 2023 held some exciting news for the energy industry. The German Minister of Economics, Robert Habeck, presented a working paper on the industrial electricity price. While industry representatives praise the concept, there are also critical voices. In May, the French National Assembly voted in favor of more nuclear power. In addition, the EEX published the first market-based index for hydrogen.
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Will Germany put an end to oil and gas heating by 2024? Market participants have received the amendment to the Building Energy Act (GEG) with much criticism. It has been the subject of some fierce discussions. Some call it a “heating hammer” that will plunge us into economic ruin. For others, the resolutions do not go far enough. In other words, they demand a tougher stance on climate protection.
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Energy Market Review April
5. June 2023 / / 0 Comments Series: Energy Economy, Energy Policy, Europe, Power Market, Prices, Renewable Energy
In April 2023, there were some remarkable developments in the energy markets. The EU is paving the way for a stringent ETS (Emissions Trading System). In mid-April, the last nuclear power plants were shut down, effectively sealing the fate of nuclear power in Germany. The EU platform for centralised gas procurement is now accepting its first offers. Despite suboptimal weather conditions, renewable energy sources reliably continue to deliver electricity.
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EU Energy Outlook 2060 – how will the European electricity market develop over the next 37 years?
19. April 2023 / / 3 Comments Analysis: Commodity markets, Energy Economy, Europe, Hydrogen, Power Market, Prices, Renewable Energy
With the current “EU Energy Outlook 2060”, Energy Brainpool shows long-term trends in Europe. The European energy system will change dramatically in the coming decades. In addition to climate change and an outdated power plant fleet, current geopolitical tensions are also forcing the European Union and many countries to change their energy policies. What do these developments mean for power prices, revenue potential and risks for photovoltaics and wind?
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