By the end of 2020, the Spanish government approved the reformation of its renewable energy (RE) auctions. More precisely they did that in order to support the achievement of their RE targets outlined in its National Energy and Climate Plan (PNIEC 2030). In this blogpost, we will discuss the consequences.
After a long back and forth, the Renewable Energy Act (EEG) 2021 was finally approved in the German parliament on 17 December 2020 and came into force on 1 January 2021. This blog post outlines the most important changes of the amendment and gives an up-to-date insight into the PPA market.
While the EEG amendment for 2021 has still not been finally adopted, the new energy balancing market started in Germany on 2 November 2020 and the EU Commission has approved the German coal phase-out. Prices on the futures market rose again in November 2020.
While the renewable energy levy for 2021 was politically capped in advance at 6.5 ct/kWh, there were major changes in the scenarios of the International Energy Agency’s World Energy Outlook 2020. With rising Corona figures, the commodity markets also plummeted again towards the end of October.
In a new study commissioned by EWS Elektrizitätswerke Schönau eG, we have investigated how fully exploiting the potential for adding small-scale PV systems by 2030 would affect climate targets and the power market. How large is this potential? What measures need to be added to the current EEG Amendment in order to exploit this potential? Read more about it in this blog post.
In the second part of the World Energy Outlook 2020 blog series, we provide a detailed overview of the significantly adjusted development expectations for the global oil, gas and coal markets. For this, we use our fundamental model Power2Sim. The model allows us to quantitatively estimate the long-term effects on European power prices until 2040 as well as the sales revenues of renewable energies.
Anyone who want to protect the climate with their consumption behaviour must also pay attention to the effects of their electricity consumption. Guarantees of Origin (GoOs) generally provide a great deal of information for this form of mindfulness. Unfortunately, today’s guarantees of origin are not always suitable for fulfilling consumer wishes. Our guest author Jens Leiding will shed light on this topic.
The energy market in September 2020 was dominated by political announcements. The major topics were the amendment to the German Renewable Energy Act 2021 and the ideas to tighten the European climate targets. At the long end the electricity prices went up and down, while peak prices appeared on the European short-term market.