While tenders for onshore wind continue to be undersubscribed, there are indications of an amendment of the German renewable energy law in fall this year. At the same time, the first tender for the shutdown of hard coal-fired power plants was launched in August. At the long end, prices in August 2020 rose along with commodities.
The coal phase-out was decided in July 2020, as was the Building Energy Act. The EU Commission has published a hydrogen strategy and the half-year statistics for the electricity sector show strong renewables of over 50 percent. On the price side things continued upwards in July.
There has been little change in the tenders for renewable energies: PV was oversubscribed whereas wind was undersubscribed. However, June 2020 brought news on the legal and political front. Prices at the long end are pointing upwards again more strongly in June 2020.
At the beginning of July 2020, both the Coal Exit Act and the Structural Aid Act were finally approved. Both laws were controversially discussed in advance. This article examines the key points of the two new laws.
Waiting came to an end: the German government has agreed on the most important points of its Corona economic stimulus package. It seems that only the pandemic and the ensuing economic crisis have given politics a leg up. This article gives an overview of the most important changes and points of the Corona economic stimulus package for the energy industry.
Even if European countries have retracted Corona measures, the pandemic still has a major impact on energy policies and markets. PV beats wind in joint tenders and policy makers have agreed on changes for PV and wind. At the long end prices, stabilised or even went up again in May 2020.
The global spread of the Sars-CoV-2 pathogen has an impact on all global energy markets. With lower demand for energy due to social and economic constraints, commodity prices on the markets have collapsed dramatically.