The German Federal Court of Justice confirmed lower returns for grid operators, while renewable energies were on record course in the first half of 2019. Associations and politicians discuss the various possibilities for CO2 pricing. There was also a strong upward trend on the prices side in July 2019.
While the tender for PV delivered lower prices in June 2019, there will be delays on the climate policy front. The details of a possible CO2-pricing and a climate-based tax reform are not to be announced until autumn. On the other hand, the second progress report on the energy transition makes it clear that many of the energy transition targets will not be achieved at the current rate of developments. While the spot market turned negative for several hours, the prices at the long end are falling with coal and gas.
The bid values increased in the first tenders in Germany for renewable energies in 2019. In contrast, CO2-limits for new cars and trucks are intended to reduce the emissions of the EU. New German power lines and power-to-gas plants should be easier to set up and plan. On the price side, the trend in April 2019 was mainly upwards. The exception: Easter holidays brought many negative prices.
At the end of March 2019, the European Parliament has given green light to the last regulations and directives of the “Clean Energy Package”. Both in Berlin and in Hamburg, the re-communalisation of energy infrastructures is imminent. While renewable energies can show new records in March, the high time of storage just starts. At the long and the short end of the electricity market, prices went down in March 2019.
In the coming years, PPAs and non-subsidised renewables will also come to Germany. This became clear in February 2019. In addition, the transmission system operators have published the first draft of the new network development plan for 2030. The expansion of the grid will become more expensive. While the tender values for Photovoltaics (PV) and wind remained high in the first tender in 2019, the long-term prices on the futures market declined in February.
A new law for the energy sector has been agreed on with some delay. It has important changes in store for the coming period. The Coal Commission also has new findings. At the long end, the prices, driven by global economic uncertainties, mainly went down. But they caught up again in the end of November 2018.
September 2018 showed its might. High commodity prices with subsequent corrections, as well as a series of political announcements at EU and German level. In addition: The condemned live longer. Blockchain technology is not yet at an end.
The currently rising wholesale price for electricity is particularly pronounced in Poland. As before (e.g. August 2015), the old Polish power plant park is not in a position to cover the entire demand for electricity in times of shortages. Where the demand is high, there follows the price.