Marco Nix

The transition to renewable energy sources in Germany, known as Energiewende, has been a significant endeavor... However, the rapid shift away from nuclear power and the overemphasis on solar and wind energy have led to several challenges… One major issue is the problem of negative energy prices during the summer months when there is an excessive production of solar energy. This forces Germany to pay other countries to receive its surplus energy to maintain grid balance, resulting in significant costs. Another significant problem is the financial burden of the EEG (Erneuerbare-Energien-Gesetz) on consumers, particularly those without solar panels (PV). This has led to a deficit in funding that is passed on to consumers, disproportionately affecting the lower-income population. This sudden transition has resulted in higher energy costs for consumers, which can be detrimental to the economy. In contrast, the United Kingdom has taken a more measured approach to its energy transition. The UK has prioritized economic stability, accessibility, and the security of energy supply while maintaining affordable prices for consumers. This approach has allowed the UK to achieve a more balanced energy mix without the same level of financial burden on its citizens. The role of nuclear energy in Germany's Energiewende is another significant aspect. Despite being a reliable and efficient source of energy, Germany has largely abandoned nuclear power in favor of solar and wind energy. This decision has been criticized for being impulsive and potentially detrimental to the country's energy security and economy. For me it’s clear that Germany needs to reassess its approach to the Energiewende to avoid further burdening its consumers. In the short to medium term, the country will need to rely on conventional energy production plants to mitigate the risk of blackouts in the near future. #Energiewende #GermanyEnergy #RenewableEnergy #SolarEnergy #WindEnergy #EnergyTransition #NuclearPower #EnergyPrices #GridBalance #EEG #ConsumerCosts #EconomicImpact #EnergySecurity #UKEnergyPolicy #ConventionalEnergy #EnergyStrategy #SustainableEnergy #EnergyChallenges #EnergyPolicy #ClimateChange #Renewables

2

Loads of energy transition podcast episodes incoming - today from Berlin So what it happening? Guess... ☺️ Yes, Science Podcasting on the Energy Transition in Germany for the enPower Energiewende Podcast. Two months ago, Dorothe Ilskens and Anne Held reached out if Markus Fritz and I wanted to come to Berlin and be the "Opening Entertainment Act" at the Kopernikus-Symposium that takes place today and tomorrow in Berlin. Ok, they did not really call it "Opening Entertainment Act", but would it not be cool if that would be the way how we would interpreted it? No pressure Markus 😄😄. The following episodes are planned: 1️⃣ Resistance against large energy infrastructures and how to deals with it such as CCS, pipelines, grid extensions etc. (with Katja Treichel-Grass and Jan Hildebrand). 2️⃣ Grid flexibility and the German new Power-plant strategy (with Katrin Düning from TenneT and Hans Ulrich Buhl) 3️⃣ Future Carbon Cycles and Carbon Management (Falko Ueckerdt and Roland Dittmeyer) The Kopernikus projects are four major energy transition projects funded by the German Research Ministry (BMBF). Click on the following links to learn more: Kopernikus SynErgie Kopernikus ENSURE Kopernikus-Projekt Ariadne @Kopernikus p2x (Do you guys not have a LinkedIN handle? If not we should talk about your social media strategy 😀) Also looking forward to check-in and chat with Serafin von Roon, and potentially make a promo video for our last episode where we looked back to the energytransition developments in Germany in the first half of 2024 (find it on Spotify - link in first comment). #Energiewende #kopernikusprojekte

88

9 Kommentare

  Morning Briefing 15/05/2024 Markets are slightly up today, likely due to reports of Russian military presence near Ukraine's Shudzha area, a key transit route for Russian gas to Europe. However, the rebound may be limited as EU gas stocks remain high, at 64.38% full on average as of May 13. Day ahead (DA)/Intraday   ·Demand is currently at approx. 28.8GW and due to peak this evening at 31.6GW. ·DA markets auctioned between £58 - £94 yesterday for today. ·Baseload auctioned at @ £70.85 in the 1hr and £72.39 in the 30min auction. ·Wind generation is currently under forecast at 1.6GW and due to peak this afternoon at 4.1GW, staying at similar levels tomorrow, peaking at 4.7GW . Solar is due to peak at 5.3GW at 1pm. ·Current intraday power price at time of writing was £86.69/MWh with gas providing 41.8%/12.39GW, wind providing 8.1%/2.39GW, solar providing 5.6%/1.66GW and nuclear providing 15.9%/4.72GW of UK demand. ·DA gas is currently trading at 70.85p/th (2.42p/KWh) ·DA power is currently trading at 72.50/MWh (7.25p/KWh)   Month ahead (June 24) ·June NBP gas is currently up 1.71% at 73.19p/th (2.50p/KWh). ·June TTF gas is currently up 1.54% at €30.13MWh. ·June UK Baseload is trading at 67.00MWh (6.70p/KWh) ·UK gas price markets had a slight rebound yesterday, with the DA price climbing 2.8%, predominantly due to a slight drop in renewables and tracking the climb in carbon prices. Along the curve, the Win24 contract climbed 1.2% due to supply concerns and as Russia progressed their assault into Ukraine. ·UK power prices also had a positive day yesterday, with the DA price climbing over 9% due to the forecast drop in wind and solar generation. Along the curve, the Win24 contract climbed by 0.5% tracking the gas sentiment and worries about future supply. ·Oil prices are up this morning on expectations for higher demand as the US dollar weakened and report showed US crude and gasoline inventories fell while the release of inflation data may point to a more supportive economic outlook. ·OPEC stuck to its forecast for strong growth in global oil demand in 2024 on Tuesday and said it would switch to focus on projected demand for OPEC crude, reflecting that the wider group is now the main forum for cooperation in the market ·Latest forecasts continue to show temps to stay above seasonal norms for the remainder of the long term forecast. ·We are expecting 1 LNG cargoes in the coming week.   ·UK Gas prices as of Tuesdays close -  o   Month ahead 71.96p/th (2.46p/KWh) up 0.59% DoD* o   Q3 24 74.34p/th (2.54p/KWh) up 0.66% DoD o   Winter 24 92.63p/th (3.16p/KWh) up 1.18% DoD ·UK Power prices as of Tuesdays close – o   Month ahead £64.65/MWh (6.47p/KWh) 0.0% DoD* o   Q3 24 £67.84MWh (6.78p/KWh) up 0.24% DoD o   Winter 24 £82.10Wh (8.21p/KWh) up 0.53% DoD *DoD = Day on Day All prices and info correct at time of writing Eco Logic Partners Gary Jason William Sam Karl #energy #power #gas #markets #renewables #wind #lng #energymarkets

10

1 Kommentar

Europe's largest producer of green electricity cancels plans for new wind turbines Europe's largest producer of green electricity is suddenly scaling back its ambitions for wind turbines and solar power plants. Why is that? 28.06.2024 Due to lower electricity prices and higher costs, Europe's largest producer of renewable energy - Statkraft - is scaling back its plans to build new wind and solar power plants. The Norwegian state-owned energy company announced the growth cuts on Thursday. According to company boss Birgitte Vartdal, the market conditions for the entire renewable energy sector have become more challenging. What does this mean? Offshore wind energy: new targets, less output The targets were high. Too high? The company, which mainly produces its electricity from hydropower, actually wanted to generate two and a half to three gigawatts (GW) of renewable energy per year from 2025. According to Statkraft, this corresponds to the construction of a new wind, solar or battery plant every nine days. From 2030, the company even wants to increase this capacity to four GW per year, as stated on its website in March. However, this now looks different, as the British daily newspaper Financial Times reports. The new target: "only" two to two and a half GW per year from 2026. In the offshore wind energy sector, the Group is aiming for a total output of six to eight GW by 2040, according to the statement. By comparison, the previous target is said to have been ten GW. "We still firmly believe in offshore wind energy and would like to stay there, but we are scaling back our ambitions somewhat," says Group CEO Vartdal. Statkraft is not alone in its withdrawal. Several European energy suppliers have put the brakes on their growth plans in the past year. For example, the Danish energy company Orsted, the world's largest developer of offshore wind energy, has lowered its targets for 2030 by more than ten GW. The company cancelled two offshore wind projects in the USA at the end of 2023 and announced impairment losses of 3.8 billion euros. Energy consultant at Rystad Energy: "This is not good for the energy transition" So far, so calm. Energias de Portugal (EDP), Portugal's largest energy supplier, also cut its three-year investment plan in May, citing deteriorating market conditions as the reason. More specifically, it was about "enabling lower electricity prices and an environment of higher interest rates over a longer period of time", said EDP Managing Director Miguel Stilwell de Andrade. Similarly, according to the report, the French state-owned energy supplier Engie has postponed its goal of developing hydrogen projects with a capacity of four GW between 2030 and 2035. The development and structuring of the market is progressing more slowly than predicted a year ago. The S&P Global Clean Energy Index, which includes manufacturers of wind turbines and solar modules, has fallen by 25 per cent since July last year, according to the report

2