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 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.
The diversity of contractual structures of Power Purchase Agreements (PPAs) and the resulting lack of useful indices makes it difficult to correctly assess offered PPA prices. What is a good PPA price and what are the means to exploit the potential of price and volume regulation? More on this in our blog post.
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.
What was the development for renewable energies and e-mobility in recent months? What effect did the corona pandemic have on the expansion of both and can conclusions be drawn for the rest of 2020 or beyond? These are the questions we will answer in this article.
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.