Renewable energy generation is still on the rise in Germany, though at a much lower pace than in the years around 2010, writes Marius Buchmann of Jacobs University in a detailed overview of the German electricity market in 2017. Costs of the feed-in tariff are stagnating, notes Buchmann, but redispatch costs which grid operators incur to keep the system stable, reached a new record far above €1 billion. Courtesy of Buchmann’s blog Enerquire. … [Read more...]
The new EU electricity market design: more market – or more state?
As a new regulatory design for the EU electricity market is taking shape, there are grave concerns in the sector that the new rules will not advance the internal energy market very much. Or might even undermine it. Energy Post editor-in-chief Karel Beckman talked to a number of key players in the sector who will debate the proposed market design rules at an Energy Post event in Brussels on 20 March. … [Read more...]
UK’s capacity market: billions of pounds wasted
Britain has chosen to secure electricity supplies through a scheme which pays power plants to be available several years in advance, but falling prices suggest this capacity market is overkill and poor value for money, with ample alternative approaches, writes energy finance consultant Gerard Wynn. Courtesy Energy and Carbon blog. … [Read more...]
EU ties itself into knots with capacity market decisions [Energy Post Weekly]
![EU ties itself into knots with capacity market decisions [Energy Post Weekly]](https://energypost.eu/wp-content/uploads/2018/02/EPW82-2-a-Margrethe-Vestager-EU-Commissioner-for-Competition-slider-150x99.jpg)
On 7 February the European Commission approved six new capacity mechanisms in the name of security of supply, insisting that they will not distort the Single Market. Two problems: one, the national decisons come as the EU tries to negotiate Europe-wide power market rules for the next decade. Two, the Commission wants those market rules to exclude coal plants from public support - when it has just authorised Poland to give state aid in the form of … [Read more...]
A step backwards – European Member states threaten to reverse progress on the Single Electricity Market
The European Council’s proposals on the internal energy market fundamentally weaken the framework that is needed to deliver an integrated market that will benefit European energy consumers, write Philip Baker and Christos Kolokathis from the global energy policy advisors Regulatory Assistance Project (RAP). They may even legalise practices that are currently – and should remain – illegal. The authors call on European policymakers to support the … [Read more...]
Spain’s energy regulator rejects government plan to prop up coal
Spain’s energy regulator has rejected an attempt by the government to prop up the nation’s oldest and most polluting coal power plants, stating that Spain’s massive overcapacity means it can safely close a “significant part of the existing coal fleet” without undermining security of supply, write Gerard Wynn of IEEFA (Institute for Energy Economics and Financial Analysis), Paolo Coghe of Paris-based indepdent consultancy Acousmatics, and Carlota … [Read more...]
Keeping coal plants open: the Spanish government’s costly intervention in the power market
After power producer Iberdrola announced the closure of their last coal plants, on 10 November, the Spanish government has said it might intervene to keep them open. Such an intervention, write energy experts Gerard Wynn and Paolo Coghe, is taking a page out of Donald Trump's book. It is costly, bad for the investment climate, and for the planet’s climate. … [Read more...]
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