Energy Brainpool shows long-term trends in Europe with its “EU Energy Outlook 2050”. The European energy system will change dramatically in the upcoming decades. Climate change and an aging powerhouse are forcing the European Union and other countries to readjust their energy policies. What do these developments mean for electricity prices and revenue potential for photovoltaics and wind?
In the anticipated legislative period, there is a great need of energy policy to respond to changes in the realms of energy, mobility and digitisation and to attain the objectives set. After evaluating the election programmes of CDU/CSU, FDP and Alliance 90/The Greens, Energy Brainpool has identified five relevant challenges that could provide a solid basis for a common energy policy.
August 2017 was characterised by the second tender for wind-onshore, the subsequent discussions about citizen energy companies and the significantly decreased price level. Despite the summer break, electricity prices have been increasing at the long end of the curve.
The power price scenario EU Outlook 2050, released by Energy Brainpool, provides a forecast of the development of the European average power prices. In there, the analysts show tendencies in supply and demand, give an outlook on sales values, sales volumes and sales revenues of fluctuating renewable energies.
The Energy Brainpool GmbH & Co. KG, the independent energy market expert from Berlin, releases the outlook on the development of the energy prices twice a year – the EU Energy Outlook 2050. The power price scenario covers all 28 countries of the European Union plus Norway and Switzerland.
The price for base load delivery of power was -24.27 EUR/MWh on Monday, 1st of May, its lowest value for 52 months. The reason for this price is low demand combined with high wind feed-in. On both Sunday and Monday, the price for peak load was below the price for base load.
Eurelectric, the European association of the electricity sector, has decided by a large majority that its members will not build new coal-fired power plants from 2020 onwards. However climate protection goals can only be achieved by decommissioning coal-fired power plants.
1380 MW offshore wind power plants forego state subsidies. According to the experts at Energy Brainpool, the average revenue for non-subsidized offshore wind farms will grow from around 53 EUR/MWh in 2025 to around 76 EUR/MWh in 2035.