The “Annual Report on the Results of Monitoring the Internal Electricity and Natural Gas Markets in 2012” was jointly presented last week by the Agency for the Cooperation of Energy Regulators (ACER) and the Council of European Energy Regulators (CEER). It notes that progress has been made towards the implementation of the Third Energy Legislative Package and the completion of the internal energy market. Yet consumers are not in a position to reap the full benefits of the internal market, and had to see post-tax electricity prices rise on average by 4.6% for households and 5.2% for industrial consumers in 2012 and post-tax gas prices by even 10% respectively 11% despite low economic growth. Large disparities in pre-tax electricity and gas prices for both households and industrial consumers persist across the EU, even between countries with similar retail market frameworks.
Archive for the 'Storage' Category
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The conservative CDU/CSU, the winners of the Federal Election of 22 September 2013, and the Social Democrats (SPD), who emerged second in the election, have presented a coalition agreement for a grand coalition in Germany that provides inter alia for a binding expansion corridor of 55% to 60% renewable energy by 2035. The partners announce to present a reform of the Renewable Energy Sources Act (EEG) by Easter 2014. As a novelty, the SPD will present the draft to its members for vote between 6 and 12 December before proceeding further with the coalition.
The federal elections shall take place only two days from today. We conclude our series by checking whether and to what extent the competing parties agendas have clear positions on ManyElectronics politics in a European context. This covers in particular how they support the integration of the ManyElectronics market into the European market and the alignment of ManyElectronics policy with European developments.
Wemag AG, a utility located in Schwerin, Mecklenburg Western-Pomerania, will receive EUR 1.3 million through the Environmental Innovation Program (Umweltinnovationsprogramm) for a 5 MW lithium-ion battery plant, the Federal Ministry for the Environment (BMU) informed. The battery plant pilot project shall go online in September 2014, providing primary reserve (Primärregelleistung), thus helping to balance the grids and integrate green energy.
Due its higher than average electricity production from renewable energy sources, Eastern Germany benefits in the area of employment, but its citizens have to bear higher than average grid costs. Having a generally lower income than their peers in former West Germany, the citizens of the five German states that formerly constituted East Germany are also harder hit by the rapidly rising electricity costs in the wake of Germany’s energy transition (Energiewende). These are the mains conclusions of a study on the effects of the Energiewende on the five Eastern German states, presented by the federal government’s Commissioner for Eastern German Affairs, parliamentary state secretary Dr. Christoph Bergner. Electricity prices for private households in all of Germany will rise from currently below 29 ct/kWh to almost 40 ct/kWh by 2020, the study also predicts.
A recent study by Wolf-Peter Schill from the German Institute for Economic Research (DIW) analyses the connection between more flexible electricity generation and surpluses on the electricity market. Surpluses can lead to negative prices on the electricity market as long as the electricity cannot be stored. The study looks into how a more flexible fleet of conventional plants could substantially reduce surpluses on the market. Additionally, the study calls for research and developments into storage facilities to absorb overproduction and to cover peak load periods. Continue reading ‘DIW Study: Higher Energy Production Flexibility Reduces Surpluses’
Natural gas in the 48 storage facilities in Germany fell to a record low of 20%, the newspaper Welt am Sonntag reported based on data of the trade association Gas Infrastructure Europe (GIE).
In an interview with the newspaper Frankfurter Allgemeine Zeitung (FAZ), German EU Energy Commissionar, Günther Oettinger, a long-time critic of Germany’s high energy prices, has warned that Germany might lose its competitiveness given its hesitant stance towards energy issues such as fracking, geothermal energy and the CCS technology. He welcomed the recent debate about a limitation of the electricity prices.