BDEW and VDMA Demand Speedy Electricity Market Reform, Announce Proposals and Call Offshore Essential

The Renewable Energy Sources Act (EEG) needs to be revised as quickly as possible, so that the more or less unchecked growth of renewable power plants was synchronized with grid expansion and costs were limited, the Federal Association of the Energy and Water Industry (BDEW) and the German Engineering Federation (VDMA) demanded. Besides an energy market reform had to acknowledge the importance of non-volatile, flexible power plants for the security of supply, they said, adding that offshore wind power could play an important role to ensure supply.

BDEW announced to present a proposal for a two-step reform of the Renewable Energy Sources Act (EEG) and “a market for secure capacity” focusing on the security of supply. At this stage BDEW only said they prefered a decentralized market that was driven by the energy sales departments over a regulated capacity market (regarding the Strategic Reserve Model proposed by BDEW in the past, please see here).

In view of  load hours of up to 4,500 per year, offshore wind power had an important role to play in implementing the German Energiewende, the energy transformation towards a renewable energy supply, BDEW and VDMA said. VDMA demanded a special Offshore Wind Power Act after the federal elections on 22 September 2013, suggesting that it should be separate from the EEG reform to incentivize investment beyond the first 3 GW into the next 5 GW and reduce costs by one third.

Source: BDEW

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