The German Federal Cabinet on Wednesday cleared the EEG 2016 bill. Federal Minister Gabriel speaks of a paradigm shift for the renewable’s support. It looks like the government may have a very ambitious timetable in mind to get the bill through the legislative process. Continue reading ‘Federal Cabinet Clears EEG 2016 Bill – Starting the Parliamentary Race to Meet EU State Aid Law Deadlines’
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Last Sunday at 12:45 it was sunny and windy, and the end of a long holiday weekend. It looks like this resulted in more than 90% renewable energy, a whopping 13.6 GW of power exports, and EPEX spot intraday continuous power prices down to -178.01 EUR/MWh, with a weighted average of -144.78 EUR/MWh during that time.
The EU’s General Court today sided with the Commission’s view that the EEG 2012 involved state aid. It rejected Germany’s arguments to the contrary, seeking annulment of a Commission decision of 25 November 2014 on a scheme for the support of renewable electricity and of energy-intensive users.
Platts is currently holding its 7th Annual European Power Summit in Amsterdam. I had the pleasure of speaking on “Germany: New Market Design Examined“.
The EEG surcharge for 2016 will increase to 6.354 ct/kWh in 2016, up 3% from 6.17 this year. The grid operators expect to reallocate EUR 22.9 billion of EEG transfer payments, up 5% from last year’s 21.8 EUR billion. If you divide the expected EEG reallocation payments by the German population of 81.2 million, this means about EUR 280 per head.
Three negative monthly balances in May, June and July 2015 have reduced the surplus on the Renewable Energy Account (EEG account) managed by the transmission system operators (TSOs) to EUR 3.75 billion by the end of July 2015. On 15 October 2015 the TSOs have to inform whether the EEG surcharge for consumers will be reduced in 2016.
The Federal Ministry for Economic Affairs and Energy has presented key points for auctioning financial support for onshore and offshore wind power and photovoltaics as of 2017 and launched a consultation. Comments have to be submitted by 1 October 2015.
According to the “Renewable Energy Capacity Statistics 2015” report recently published by the International Renewable Energy Agency (IRENA), Germany has the world’s largest installed capacity of solar energy. Germany’s share of solar of the worldwide installed capacity amounts to 21% followed by China with 16 % and Japan with 13 %.
The four transmission system operators 50Hertz, Amprion, TenneT and EnBW have published new figures on direct marketing quantities for renewables. They show that the direct marketing total – after a decline in April 2015 – has increased in the first half of 2015 by 6.9% to 48,627.12 MW in July.
Mainly due to colder weather energy consumption in Germany rose by almost 5% in Q1 2015, compared with the same period last year, Arbeitsgemeinschaft Energiebilanzen (Working Group Energy Balances – AGEB) reported. Heating fuels like natural gas and mineral oil benefitted in particular. Wind power gained even more, while solar power lost against the trend.