The Economic Impacts of the Energiewende (Energy Transition)
|
|
- Maude Sullivan
- 6 years ago
- Views:
Transcription
1 The Economic Impacts of the Energiewende (Energy Transition) Graham Weale, Chief Economist RWE AG, Bocconi University Energy Seminar Milan 6th May 214 RWE AG 3/5/214 PAGE 1
2 Contents 1. Key features of the power generation industry 2. What is the Energiewende? 3. What kind of economic effects might result from the Energiewende? 4. What impact on power prices? 5. What impact on utilities and new investors in renewables? 6. What impact on consumer prices? 7. What impact on jobs? 8. What Investment is required and what will be utilities new business model? 9. What needs to be done to keep economics in the Energiewende? RWE AG 3/5/214 PAGE 2
3 Key factors in the power generating sector Range of power plants Technology and cost structure Highly variable hourly demand; hard to store European market with increasing interconnections and market coupling Wide range of operators large (former monopoly utilities) gas companies who moved into power municipalities industrial combined-heat-and power (CHP) operators Hourly pricing in the wholesale market large buyers exposed to this, smaller buyers pay based on averages Indicative costs of power generation - /MWh Variable Fixed Gas Coal Nuclear Offshore Onshore wind wind Hourly demand - winter and summer PV (N. EU) RWE AG 3/5/214 PAGE 3
4 The merit-order curve dispatching principle Germany: Merit Order 212 ( / MWh) Oil / Gasoil Gas Hard Coal Lignite Nuclear Renewables / CHP Min load Peak load MW Average available Wind / PV / Hydro / other Renew Base / Peak spread:114% RWE RWE AG AG 3/5/214 3/5/14 Slide 4
5 Contents 1. Key features of the power generation industry 2. What is the Energiewende? 3. What kind of economic effects might result from the Energiewende? 4. What impact on power prices? 5. What impact on utilities and new investors in renewables? 6. What impact on consumer prices? 7. What impact on jobs? 8. What Investment is required and what will be utilities new business model? 9. What needs to be done to keep economics in the Energiewende? RWE AG 3/5/214 PAGE 5
6 The Energiewende a plan to move from nuclear and coal to renewables: milestones from 1991 Energiewende st Feedin Law Market Liberalization 1st EEG Double RES share of total energy by 21 Nuclear phaseout by 222 EEG % / 2% power share in 21 / 22 Start of EU Emissions Trading Scheme EEG 29 35% power share by 22 Energy concept Nuclear operating lifetime extension Eckpunkte -papier EEG 212 Closure of 8 nuclear plants and change to nuclear law to close all plants by 222 EEG Reform Last nuclear reactor will be shut down 8% to 9% reduction in emissions, and 8% renewables share in power RWE AG 3/5/214 PAGE 6
7 Further targets introduced in 211 Firm goals Instruments 1 K1 Phase out nuclear power by Nuclear Power Law C Reduce greenhouse gas emissions compared to 199 by 4% 55% ETS with German version C1 Increase proportion of renewables (RES) in gross final energy consumption to 18% 3% Renewable heating, and Biomass laws, C2 C3 C4 C5 C6 C7 C8 N1 V1 Supply security - - Strategic Reserve W1 Currently only loosely defined goals C C V Increase the proportion of RES in gross elec. consumption to Reduce primary energy consumption compared to 28 to Reduce electricity consumption compared to 28 by Increase energy efficiency compared to 27 by Reduce heat demand of buildings compared to 28 by Increase number of electric vehicles to Reduce final energy consumption in transport vs.28 by Grid expansion according to ENLAG Limit renewables surcharge to 3.5 cents/kwh Reduce heat demand of buildings compared to 28 Annual rate of energy-saving renovation in housing of 2% Additional construction of firm fossil fuel power plant capacity 35% 5% EEG 2% - Environmental tax, EnEV 1% - Environmental tax Environmental tax and other 2% - laws 2% - EnEV 1 Mio. 6 Mio. Energy and climate funds 1% - Reform car tax - - EnLAG N2 Punctuality of the grid connection of offshore wind farms - - EnWG N3 Increase installed capacity of offshore wind to 1 GW 25 GW EEG - - EnEV - - Not availabe Only indirect loan programme 1 GW - Not available RWE RWE AG AG CEA : 1/4/214 3/5/214 Page 7
8 which were badly off track after just two years, except for renewables growth Sustainability 1. Achievement of federal government s CO 2 reduction target (-4 %) increasingly unrealistic 2. Share of renewables rising in the case of electricity stagnation in the transport and heating sectors 3. Due to first results from coalition talks the watering down of heating efficiecy targets is likely 78% Grid expansion 1. More than 8% of expansion projects still delayed 2. By 215 a number of offshore wind farms will be completed, but key grid expansion projects for overland transmission of electricty will not be ready until that time 3. At least there is some improvement in sight for offshore wind power connections to the grid 15% Costs/EEG levy 1. With 6.2 ct /kwh the EEG levy has exceeded the government s own threshold of 3.5 ct / kwh by far 2. With the new government at least modest reforms that are targeting at limiting the costs are to expect, so we come to an neutral outlook for the next years, but situation will not improve quickly 22% Security of supply 1. Increasing intervention by transmission system operators in the market to avoid critical situations with the power grid. The situation continued in whole End of March 213 there were some severe situations in the German grid due to very high wind feedin. 5% Source: own calculations Adherence to target path: = 41% RWE AG 3/5/14 Slide 8
9 German production from by fuel mix: renewables essentially replace nuclear power TWh Photovoltaics Wind Biomass Run-of-River Other Nuclear Natural Gas Lignite 25 Hard Coal Source: BMWi Energiedaten, NEP 213 Szenario B RWE AG CEA RWE : AG Weale /5/214 Page 9
10 Uncontrolled build-up of renewables TWh Total PV Wind Biomass Water (exc. PS) RWE AG RWE CEA AG : Weale /5/214 Page 1
11 Observations on the Energiewende? What were the goal(s)? Were they mutually compatible? How many instruments were applied? How effective would they have been? Whom would they have caused to do what? RWE AG RWE CEA AG : Weale /5/214 Page 11
12 Contents 1. Key features of the power generation industry 2. What is the Energiewende? 3. What kind of economic effects might result from the Energiewende? 4. What impact on power prices? 5. What impact on utilities and new investors in renewables? 6. What impact on consumer prices? 7. What impact on jobs? 8. What Investment is required and what will be utilities new business model? 9. What needs to be done to keep economics in the Energiewende? RWE AG RWE CEA AG : Weale /5/214 Page 12
13 Potential policy effects as a result of policy intervention What might a government want to achieve by energy policy intervention Generally? In the case of an energy transformation? Who are the different parties who could be affected? Shareholders Customers Suppliers Competitors of main utilities External markets Jobs market Health of economy What kind of economic effects might be expected? RWE AG RWE CEA AG : Weale /5/214 Page 13
14 The RES subsidy system is distorting the market and is reducing utilities earnings Subsidies bring additional capacity into the market before capacity is needed and without the normal price signals with full costs well over the power price and full costs of new conventional plants with a totally different cost structure which therefore does not react to wholesale price signals (have no relation to costs of renewables) and runs ahead of conventional power plants But needs conventional plants as back-up = Major distortion of the wholesale power market The totally different cost structure of RES poses a great challenge to their market integration High penetration rate lowers the wholesale price and thus increases the required subsidies compared with full-cost based price Renewables earn full costs while conventional plants only marginal costs not sustainable Indicative full costs by type /MWh Fix costs CCGT CO 2 -Costs Coal Fuel costs Other variable costs Onshore Wind Offshore Wind Source: Investor Relations / Fraunhofer ISE (212) indicative costs RWE AG RWE CEA AG : Weale /5/214 Page 14
15 so that there is missing money for thermal plants; instead there is a similar RES surcharge / MWh Conventional plant costs Revenue recovered Costs and revenues Consumer costs Renewables etc.surcharge (range) Wholesale price Missing money - conventional plants Annualised capex (conv) recovery Annualised capex (conv) CO2 costs Other variable Fixed Costs Fuel Long-term missing money is not sustainable - eventually the full costs of conventional plants needs to be covered so that they can provide back-up The renewables (etc) surcharge is the threat to competitivity, not the wholesale price There is a major transfer of rent from utilities to consumers RWE AG 3/5/14 Slide 15
16 Contents 1. Key features of the power generation industry 2. What is the Energiewende? 3. What kind of economic effects might result from the Energiewende? 4. What impact on power prices? 5. What impact on utilities and new investors in renewables? 6. What impact on consumer prices? 7. What impact on jobs? 8. What Investment is required and what will be utilities new business model? 9. What needs to be done to keep economics in the Energiewende? RWE AG 3/5/14 Slide 16
17 The merit-order curve dispatching principle Germany: Merit Order 212 ( / MWh) Oil / Gasoil Gas Hard Coal Lignite Nuclear Renewables / CHP Min load Peak load MW Average available Wind / PV / Hydro / other Renew Base / Peak spread:114% RWE RWE AG AG 3/5/214 3/5/14 Slide 17
18 Impact on power prices German power prices 1. Volume effect of higher than expected RES pushed out merit-order curve (nuclear closures had some offsetting impact) 2. Volume effect of recession also pushed out merit-order curve 3. PV had effect of flattening out daily peak price important part of earning component 4. CO 2 price 5/t vs. expected - 3/t 5. Coal price also lower than expected flattened out merit-order curve /MWh Indicative full cost of new plant Peak Base Spread Source: EEX RWE AG 28/4/214 3/5/214 PAGE 18
19 The PV reduced the mid-day prices which accounted for high share of earnings Progressive reduction of mid-day price through PV-generation [%] Hour of day RWE RWE AG AG 1/4/214 3/5/214 Page 19
20 Contents 1. Key features of the power generation industry 2. What is the Energiewende? 3. What kind of economic effects might result from the Energiewende? 4. What impact on power prices? 5. What impact on utilities and new investors in renewables? 6. What impact on consumer prices? 7. What impact on jobs? 8. What Investment is required and what will be utilities new business model? 9. What needs to be done to keep economics in the Energiewende? RWE AG 3/5/14 Slide 2
21 The position of the German utilities high capital invested in conventional plants Net Capacity End 212 Indicative capital employed based on 5% new value GW 1 Peak demand bn RES (incl.hydro) Other non-res Gas Hard Coal Lignite Nuclear Big-4 Other Big-4 Other Source: BMWi RWE AG 3/5/214 PAGE 21
22 Generators suffered not only from price effect but also volume effect vs expectations Actual and expected (as of 25) demand and renewables TWh 7 6 Gross demand expected Gross demand actual Thermal power supplied by large generators 2 Renewables actual 1 Renewables expected base on trend to 25 Lower residual demand % lower than expected demand due 6% to recession and 4% to renewables RWE AG 3/5/214 PAGE 22
23 The result a decline in EBIT, market value and investments bn EBIT -35% E.ON EnBW RWE Vattenfall bn Market Value -7% bn 3 Investments % * 215* Source: Company annual reports RWE AG 3/5/214 PAGE 23
24 Contents 1. Key features of the power generation industry 2. What is the Energiewende? 3. What kind of economic effects might result from the Energiewende? 4. What impact on power prices? 5. What impact on utilities and new investors in renewables? 6. What impact on consumer prices? 7. What impact on jobs? 8. What Investment is required and what will be utilities new business model? 9. What needs to be done to keep economics in the Energiewende? RWE AG 3/5/214 PAGE 24
25 The Consumer Price has been driven up by the surcharge despite a falling wholesale price EEG Subsidies and Consumer Price Surcharge bn cts/ kwh Offshore charges Levy based on 19 CHP EEG levy EEG Surcharge Power prices for households (2.5-5 MWh) ct/kwh incl. all taxes Consumer Peak price Power prices for industrial consumers (2-7 GWh) ct/kwh excl. VAT Consumer Base price Source: BMWi Energiedaten and EEX RWE AG RWE AG 3/5/214 CEA - Weale PAGE 25
26 The structure of consumer prices cts/kwh % 17% 32% 1% VAT Other taxes RES % 22% 16% T&D Energy & retail 1 52% 5 32% Household Industry Household Industry MWh 2-7 GWh RWE AG RWE AG 3/5/214 CEA - Weale PAGE 26
27 Contents 1. Key features of the power generation industry 2. What is the Energiewende? 3. What kind of economic effects might result from the Energiewende? 4. What impact on power prices? 5. What impact on utilities and new investors in renewables? 6. What impact on consumer prices? 7. What impact on jobs? 8. What Investment is required and what will be utilities new business model? 9. What needs to be done to keep economics in the Energiewende? RWE RWE AG AG CEA : 1/4/214 3/5/214 Page 27
28 The renewables policy has led to work for.8% of the German workforce Employees in the renewables sector s R&D / Admin Hydropower Geothermal Biomass Windpower PV Unclassified e Earlier Red-Green Coalition had hopes that 5 T jobs would be created by 22 > But loss of jobs (including growth prospects) in other sectors should be deducted Growing number of bankruptcies in renewables area since 211, especially PV but also wind RWE RWE AG AG CEA : 1/4/214 3/5/214 Page 28
29 Contents 1. Key features of the power generation industry 2. What is the Energiewende? 3. What kind of economic effects might result from the Energiewende? 4. What impact on power prices? 5. What impact on utilities and new investors in renewables? 6. What impact on consumer prices? 7. What impact on jobs? 8. What Investment is required and what will be utilities new business model? 9. What needs to be done to keep economics in the Energiewende? RWE AG 3/5/214 PAGE 29
30 Financing the Energiewende: on average 27 bn will be invested annually* Investments by technology groups (in bn) Biomass and biogas Building energy retrofit CHP Grid total Wind offshore Wind onshore Batteries PV Remarks High PV investments of ~ 8 bn p.a. until 216; then declining to 3 bn p.a. again rising ca. 22 due to higher retail prices Parallel to this development from 22 onwards also battery investments are rising Wind on- and offshore with relative stable investment flows Stable grid investments of about 7.5 bn p.a. First years characterised by high CHP investments, mainly from private investors Building energy retrofit particularly attractive in the first years due to low interest rate environment Biomass and biogas quickly become unattractive due to shrinking IRRs * Source for pages 17-18: University Duisburg-Essen, Prof. C. Weber und Prof. R. Kiesel. Project with RWE AG. RWE AG 3/5/214 PAGE 3
31 Three essential elements to the supply 1. Affordability the commodity (kwh) and service level must be delivered at lowest cost Use lowest cost fuels consistent with meeting EU carbon targets and most efficient plants Make use of existing thermal plants to provide service element 2. Supply-security Achieved by the round-the-clock availability of conventional plants and their increasing flexibility Also by introduction of further flexibility along delivery chain smart grids, smart meters etc 3. Carbon reduction Controlled by Emissions Trading Scheme ensures targets are met Achieved by combination of renewables and fuel-switching RWE AG 3/5/214 PAGE 31
32 The integration of renewables will require a much higher service component Indication of the role for thermal plants in August 222 GW 8 Almost no thermal plant contribution Some 2-3 GW contribution Demand PV 6 Thermal plants Water 4 2 Wind Onshore/Offshore Biomass Mo Tu We Th Fr Sa Su Wind and PV will become the basis for power supply; the remaining plants will optimise themselves around this supply Most thermal plants will be only needed in the future at times of low wind / sun there will be no longer base-load plants Source: Agora Energiewende (12 Thesen zur Energiewende, 212) RWE AG 3/5/214 PAGE 32
33 Where are the utilities going? Shifting from kwh production to even higher emphasis on service Less conventional production (indicative figures) More effort on service Qualititive Index vs. 21 TWh RES - other Therm - other RES - utilities Therm - utilities Retail Network Trading Ren. firm capacity Therm. flexibility Therm. firm capacity * 22* 235* RES. = renewables, Therm. = conventional thermal plants RWE AG 3/5/214 PAGE 33
34 Contents 1. Key features of the power generation industry 2. What is the Energiewende? 3. What kind of economic effects might result from the Energiewende? 4. What impact on power prices? 5. What impact on utilities and new investors in renewables? 6. What impact on consumer prices? 7. What impact on jobs? 8. What Investment is required and what will be utilities new business model? 9. What needs to be done to keep economics in the Energiewende? RWE AG 3/5/214 PAGE 34
35 Critical mismatch between cost-structure and price structure potential death of market approach RWE AG 3/5/214 PAGE 35
36 So what is the solution so that predictable economics come back into play? RWE AG 3/5/214 PAGE 36
37 THANK YOU VERY MUCH FOR YOUR ATTENTION or RWE AG 3/5/214 PAGE 37
Die Energiewende - Consequences of the energy transition on the German electricity market
Die Energiewende - Consequences of the energy transition on the German electricity market NOG seminar, 3rd November 211, Catrin Jung-Draschli catrin.jung-draschil@vattenfall.de Cornerstones of the energy
More informationEnergiewende. Germany s energy system and the status of the energy transition. Sarina Keller. German Aerospace Center Sept 1st,
Energiewende Germany s energy system and the status of the energy transition Sarina Keller German Aerospace Center Sept 1st, 2016 Source: Federal Government 2010, BMU/BMWi 2014, BMWi 2015, AGEE-Stat 2014,
More informationStatus and Challenges of the German Energiewende
Status and Challenges of the German Energiewende Prof. Dr. Andreas Löschel Westfälische Wilhelms University Münster Energy Colloquium, University of Oxford, 23 May 2017 1/ 16 The German Energy Turn Energiewende
More informationEnergy Policy in Germany: Energiewende
Energy Policy in Germany: Energiewende Content 1. The German energy transition Overall aims and ambitious targets 2. Renewable energies 3. Power Grids 4. Power Plants, Electricity markets of the future
More informationPower System Flexibility in the German and European Context
Power System Flexibility in the German and European Context Katharina Grave BMWi Referat IIIB1 06.10.2017 17-11-07 Referent 1 What is flexibility? 11/7/2017 2 The potential for flexibility lies within
More informationOverview of the financing framework for the German Energiewende
Overview of the financing framework for the German Energiewende Dr. Urban Rid Director General Energy Policy electricity and grids Federal Ministry for Economic Affairs and Energy Berlin, 13 November 2014
More informationAggregated Costs of the German Energiewende How to improve Cost Effectiveness
1 Aggregated Costs of the German Energiewende How to improve Cost Effectiveness Prof. Dr. Georg Erdmann TU Berlin; Chair Energy Systems Founder of Prognoseforum GmbH Member of the Federal Commission Energie
More informationGeneration in Germany under Decarbonisation: The German Energiewende Bangkok, November 2013
Generation in Germany under Decarbonisation: The German Energiewende Bangkok, November 213 Lars Dittmar lars.dittmar@tu-berlin.de Department of Energy Systems Prof Dr. Georg Erdmann www.ensys.tu-berlin.de
More informationThe German Electricity System
The German Electricity System An Overview Texas-Germany Bilateral Dialogue on Challenges and Opportunities in the Electricity Market Austin,February 27th 2018 Arne Genz German Federal Ministry for Economic
More informationSustainable Energy Mix for the Future Example Germany
Sustainable Energy Mix for the Future Example Germany Prof. Dr. Hans-Martin Henning Fraunhofer Institute for Solar Energy Systems ISE, Freiburg and Karlsruhe Institute of Technology KIT REvision 2015 Tokyo,
More informationFormation of Electricity Prices
Formation of Electricity Prices Charlotte Loreck Energy and Climate Division Öko-Institut e.v. Berlin for Heinrich Böll Foundation, Prague 15 May 213 Agenda Consumer price for electricity Price Formation
More informationLærdommer fra den tyske energitransisjonen
Lærdommer fra den tyske energitransisjonen STEPHANIE ROPENUS, PH.D. OSLO, 21ST MAY 2015 ENERGIFORSKNINGSKONFERANSEN 2015 - GRØNN VEKST OG LÆRING Outline 1. What is the Energiewende? Where are we now? 2.
More informationOur strategy in challenging markets
Our strategy in challenging markets Øystein Løseth President and CEO Solna/Stockholm, 3 December 2012 Today s focus Vattenfall at a glance Market trends & outlook Political and regulatory outlook Alignment
More informationSolar energy: Prospects, policy and experience The case of Germany
Solar energy: Prospects, policy and experience The case of Germany RFF/IETA Side Event COP-16 Dr. Felix Chr. Matthes Cancun, 6 December 21 Structure of the presentation A numerical overview Renewables
More informationInsights from Germany s Energiewende
Insights from Germany s Energiewende Fact and figures with a focus on the power sector transformation D. Pescia BRUXELLES, 24.06.2015 Who we are Independent and non-partisan think tank, 18 Experts Mission:
More informationThe German Energy Transition: Energiewende
The German Energy Transition: Energiewende Status quo, vision and challenges with a Focus on the Power Sector DR. PATRICK GRAICHEN BERLIN, 21.10.2013 The Energy and Climate Challenge If we want to keep
More informationMonitoring of the Energiewende Why Germany is Presently not on Track?
1 Monitoring of the Energiewende Why Germany is Presently not on Track? Prof. Dr. Georg Erdmann Chair of Energy Systems at TU Berlin; Member of the Federal Expert Group Energy of the Future Enerday 2018,
More informationThe German renewable energy and energy efficiency policy and our international cooperation
Energiewende The German renewable energy and energy efficiency policy and our international cooperation Ellen von Zitzewitz Federal Ministry for Economic Affairs and Energy 15-10-30 Referent 1 * 2013 Source:
More informationTHE ROLE OF SOLAR ENERGY IN OUR FUTURE RENEWABLES-BASED ENERGY SYSTEM
THE ROLE OF SOLAR ENERGY IN OUR FUTURE RENEWABLES-BASED ENERGY SYSTEM Eicke R. Weber Fraunhofer-Institute for Solar Energy Systems ISE and University of Freiburg, Germany Fraunhofer ISE/ Foto: Guido Kirsch
More informationPower market integration, focusing on the CHP switch to biomass and electric heating to replace fossil-fuelled heating
Power market integration, focusing on the CHP switch to biomass and electric heating to replace fossil-fuelled heating Capacity building for Renewable Energy Technologies and Policy in Ethiopia Henrik
More informationThe recent revision of Renewable Energy Act in Germany
The recent revision of Renewable Energy Act in Germany Overview and results of the PV tendering scheme Christian Redl SOFIA, 17 JANUARY 2016 The Energiewende targets imply fundamental changes to the power
More informationThe recent revision of Renewable Energy Act in Germany
The recent revision of Renewable Energy Act in Germany Overview and results of the PV tendering scheme Christian Redl PODGORICA, 17 SEPTEMBER 2016 The Energiewende targets imply fundamental changes to
More informationThe German Energiewende : Shining or Warning Example for Europe?
The German Energiewende : Shining or Warning Example for Europe? 5 th Conference ELECPOR November 1, 2013 Thomas Barth, CEO and Chairman of the Managing Board, E.ON Energie AG 1 2 March 2011: Impact of
More informationThe German Energiewende : Challenges and options
The German Energiewende : Challenges and options Dr. Frank-Detlef Drake, Head of R&D, RWE AG Dr. Burkhard Pahnke, Investor Relations, RWE AG Paris, March 7th, 2014 1 2 3 4 The German Energiewende and other
More informationGerman Energy Policy: Reactions after the Fukushima Accident ( Energiewende )
German Energy Policy: Reactions after the Fukushima Accident ( Energiewende ) - Energiewende & Nuclear Phase-out (NPo) - Energy consume & Energy mix - Consequences of the NPo - Self-imposed goals & EC-goals
More informationCompetitive energy landscape in Europe
President of Energy Sector, South West Europe, Siemens Competitive energy landscape in Europe Brussels, siemens.com/answers Agenda Europe s competitiveness depends on an affordable and reliable energy
More informationEnergiewende in Germany
Unintended Consequences for District Energy/CHP IDEA Seattle, June, 9 th 214 Werner R. Lutsch, Managing Director/CEO of AGFW and Vice President of Euroheat & Power Seattle, June 214 Energiewende in Germany
More informationFRAUNHOFER INSTITUTE FOR SOLAR ENERGY SYSTEMS ISE
FRAUNHOFER INSTITUTE FOR SOLAR ENERGY SYSTEMS ISE Power generation in Germany assessment of 2017 Prof. Dr. Bruno Burger Fraunhofer Institute for Solar Energy Systems ISE Freiburg, Germany, 02.01.2018 www.ise.fraunhofer.de
More informationUK energy policy and market reform
Energy Futures Lab UK energy policy and market reform Dr Robert Gross Director Centre for Energy Policy and Technology Imperial College London World class scholarship, education and research Number 8 in
More informationFRAUNHOFER INSTITUTE FOR SOLAR ENERGY SYSTEMS ISE
FRAUNHOFER INSTITUTE FOR SOLAR ENERGY SYSTEMS ISE Power generation in Germany assessment of 2017 Prof. Dr. Bruno Burger Fraunhofer Institute for Solar Energy Systems ISE Freiburg, Germany, 08.05.2018 www.ise.fraunhofer.de
More informationThe 'Energiewende' and the 'transition énergétique' by 2030
The 'Energiewende' and the 'transition énergétique' by 2030 Co-dependent impacts of German and French choices on nuclear and on coal when developing renewable energy D. Pescia N. Berghmans BERLIN, 20.09.2018
More informationCHALLENGES OF INTEGRATING RENEWABLE ELECTRICITY GENERATION INTO MARKETS AND GRIDS - THE CASE OF GERMANY FEEM SEMINAR, 02 FEBRUARY 2012, MILAN
CHALLENGES OF INTEGRATING RENEWABLE ELECTRICITY GENERATION INTO MARKETS AND GRIDS - THE CASE OF GERMANY FEEM SEMINAR, 02 FEBRUARY 2012, MILAN Fabio Genoese, Fraunhofer ISI Agenda Status Quo of RES-E in
More informationPOWER CHOICES Pathways to carbon-neutral electricity in Europe by 2050 Nicola Rega Advisor Environment and Sustainable Development Policy
POWER CHOICES Pathways to carbon-neutral electricity in Europe by 2050 Nicola Rega Advisor Environment and Sustainable Development Policy Bruges, 18 March 2010 Representing the electricity industry at
More informationInsights from Germany s Energiewende
Insights from Germany s Energiewende State of affairs, trends and challenges Christian Redl BUDAPEST, 3 NOVEMBER 2016 Agora Energiewende Who are we Independent think tank with more than 20 energy policy
More informationCountry case study: RES support in Germany Prepared by Jenny Winkler
Country case study: RES support in Germany Prepared by Jenny Winkler www. erranet.org Agenda 1. Overview of German energy system 2. German support to renewable energy in the electricity system 2 The German
More informationAgenda Short and medium term impact of the German moratorium Longer term challanges: maintaining supply security during decarbonization
Challenges in electricity a focus on Europe Agenda Short and medium term impact of the German moratorium Longer term challanges: maintaining supply security during decarbonization Germany: Moderate, 10%
More informationEnergy Reform in Germany: Progress or Stagnation?
Energy Reform in Germany: Progress or Stagnation? 2019 NARUC Winter Policy Summit, February 10, Washington DC Jens Acker Counselor Energy, Trade, Digital Economy Embassy of the Federal Republic of Germany
More informationOpportunities in Renewable Energies. World Renewable Energy technology Congress Delhi, 27 th September 2013
Opportunities in Renewable Energies Franzjosef Schafhausen Deputy Director General Energy Transition Federal Ministry of the Environment, Nature Conservation and Nuclear Safety, Berlin World Renewable
More informationPerspectives for the energy system of the future
Perspectives for the energy system of the future Frank-Detlef Drake Head of Group Research & Development, RWE AG RWE Credit Day London, 9 October 2012 Energy for the future Overview of R&D at RWE Perspectives
More informationEnergy policy support instruments for renewable energy sources: key principles & lessons learnt
Energy policy support instruments for renewable energy sources: key principles & lessons learnt Author: Gustav Resch Energy Economics Group (EEG) Technische Universität Wien (TU Wien) Contact: Web: http://eeg.tuwien.ac.at
More informationThe Energiewende in a nutshell
The Energiewende in a nutshell Dimitri Pescia, Agora Energiewende BERLIN, 19 JULY 2017 1 Agora Energiewende Who are we Independent think tank with more than 20 energy policy experts Independent and non-partisan
More informationEnergy transition on track or in troubled waters: Insights from recent trends and experiences in Germany and elsewhere
Energy transition on track or in troubled waters: Insights from recent trends and experiences in Germany and elsewhere Kyoto University Dr. Felix Chr. Matthes Kyoto, 3 th September 216 Transforming the
More informationRisk managing cost-effective decarbonisation of the power sector in Germany
Risk managing costeffective decarbonisation of the power sector in Germany FINAL RESULTS April 2013 This project is funded by the European Climate Foundation 1 Contents Objectives and the methodology Baseline
More informationEnergy Storage in a Grid with Fluctuating Sources : the German Perspective
Energy Storage in a Grid with Fluctuating Sources : the German Perspective Kai Hufendiek Institute of Energy Economics and Rationale Use of Energy (IER) University of Stuttgart THE ROLE OF STORAGE IN ENERGY
More informationGerman Energy Turnaround and KfW Promotion
German Energy Turnaround and KfW Promotion India Germany Roundtable on Solar Rooftops New Delhi, February 18, 2016 Dr. Jürgen Welschof (juergen.welschof@kfw.de) Head of Division Energy South Asia, KfW
More informationThe German Energiewende German Renewable Energy Policy
The German Energiewende German Renewable Energy Policy Markus Kurdziel Programme Office International Climate Initiative (BMU) 1 Overview Drivers and Targets of Germany s Energy Policy German RE Policies
More informationGerman Renewable Energy Policy
German Renewable Energy Policy Dr. Martin Schöpe Federal Ministry for Environment, Nature Conservation and Nuclear Safety Sub Group II Meeting Renewable Energy New Delhi, 13.11.2013 Table of Content German
More informationUK Future Energy Scenarios. Richard Smith Future Transmission Networks Manager
UK Future Energy Scenarios Richard Smith Future Transmission Networks Manager January 2012 Cautionary Statement This presentation contains certain statements that are neither reported financial results
More informationThe role of the NRA in the Energiewende
The role of the NRA in the Energiewende Dr. Deniz Erdem International Coordination Energy 7. Deutsch-Tunesischer Energietag Tunis, 29.11.2017 www.bundesnetzagentur.de Bundesnetzagentur: German energy regulator
More informationRES Revolution! How the Sun and the Wind changed the Italian Electricity Market
RES Revolution! How the Sun and the Wind changed the Italian Electricity Market MEDREG 3 Capacity Building Seminar Nicolò Di Gaetano, Ph.D Senior Board Advisor 25/06/2014 1 Generation Mix (2000-2010) 100%
More informationEnergiewende. Germany s energy system and the status of the energy transition. Markus Kurdziel
Energiewende Germany s energy system and the status of the energy transition Markus Kurdziel Programm Office International Climate Initiative BMUB (PB IKI) Sacramento, Aug 5th 2015 15-08-04 Referent 1
More informationRenewables and sector coupling for the energy transition A system and cost perspective
Renewables and sector coupling for the energy transition A system and cost perspective Christoph Kost Head of Group Energy Systems and Energy Economics Fraunhofer Institute for Solar Energy Systems ISE
More informationThe ENERGIEWENDE The Transformation of the German Energy System
The ENERGIEWENDE The Transformation of the German Energy System RENAC, 30 October 2017 Renewables Academy Policy and guiding principles of the Energiewende Secure and reliable of energy supply Affordable
More informationFlexibility of thermal power generation for RES supply in Germany until 2020
21, rue d Artois, F-758 PARIS C1_21_214 CIGRE 214 http : //www.cigre.org Flexibility of thermal power generation for RES supply in Germany until 22 G. Brauner 1, S. Bofinger 2, W. Glauninger 3, I. Pyc
More informationTOWARDS A 100% RENEWABLE ENERGY FUTURE Roundtable B: Transforming Energy Beyond the Cheap vs Green Dilemma SIEW 2018
TOWARDS A 100% RENEWABLE ENERGY FUTURE Roundtable B: Transforming Energy Beyond the Cheap vs Green Dilemma SIEW 2018 Name: Nicolas Leong Date: 1 November 2018 1 Contents 1. Smart energy vision executive
More informationEnergy Policy after the Paris Climate Agreement
Energy Policy after the Paris Climate Agreement Dr Barbara Praetorius BERLIN, 27 OCTOBER 2016 Agora Energiewende Who we are Think Tank with more than 20 Experts Independent and non-partisan Project duration
More informationGermany s Energiewende
Germany s Energiewende at a glance Vienna, 4 MARCH 2014 Basic Facts 1 What is it all about? A Definition of the Energiewende In order to realise high shares of Renewables in the entire energy system, a
More informationGermany s Energy Shift and Energy Policy: a Success Story?! Challenges and Opportunities from a German and Japanese Perspective Dr.
Germany s Energy Shift and Energy Policy: a Success Story?! Challenges and Opportunities from a German and Japanese Perspective Dr. Frank-Michael Baumann, CEO EnergyAgency.NRW Outline Energy Transition
More informationThe future of gas. Berlin, February 1 st snam.it
The future of gas Berlin, February 1 st 2018 snam.it A new report dedicated to natural gas Will gas achieve its strong projected growth path? 2 bcm The growth of natural gas is expected to continue to
More informationHow to Meet the EU's Greenhouse Gas Emission Targets PRIMES modelling for the Winter Package
E3MLab www.e3mlab.eu PRIMES Model 1 How to Meet the EU's Greenhouse Gas Emission Targets PRIMES modelling for the Winter Package By Professor Pantelis Capros, E3MLab central@e3mlab.eu CLEAN ENERGY FOR
More informationVATTENFALL FOR A FOSSIL FREE FUTURE Vattenfall AB Group Presentation 2017
VATTENFALL FOR A FOSSIL FREE FUTURE Vattenfall AB Group Presentation 2017 WE POWER CLIMATE SMARTER LIVING We will help power our customers to live free from fossil fuels within one generation 2 VATTENFALL
More informationStorage and flexibility in future electricity systems relevance and evaluation methodologies
Storage and flexibility in future electricity systems relevance and evaluation methodologies Prof. Christoph Weber Workshop on Renewable Energy Integration and Regional Interconnection in South America
More informationA New Market Design for the German Electricity Market Local and European Context
A New Market Design for the German Electricity Market Local and European Context Claas F. Hülsen 1 SAFER, SMARTER, GREENER DNV GL Leading Energy Services Energy and Renewables Advisory DNV GL -Energy Energy
More informationThe effect of RES on the electricity market
1st RPN Working Meeting Large-scale penetration of low C policies: Opportunities and threats 3 October 2014 Athens, Greece The effect of RES on the electricity market Dimitris Lalas FACE 3 TS, S.A. Ban-Ki
More informationRenewable Energy in Germany at a Glance
Renewable Energy in Germany at a Glance October, 11th 2016 in Jakarta, Indonesia Paul Rydzek, Consultant on behalf of the Energy Solutions made in Germany Initiative by the German Federal Ministry for
More informationGermany s energy system and the status of the energy transition
Energiewende Germany s energy system and the status of the energy transition Dr Falk Bömeke, LL.M. (Sydney) Federal Ministry for Economic Affairs and Energy Drivers, challenges and opportunities of the
More informationEnergiewende in Germany - issues and problems -
Energiewende in Germany - issues and problems - Copernikus Symp., Szczecin, 12.5.2014 1 F. Wagner, Max-Planck-Institut für Plasmaphysik, Greifswald Introduction 2 Two terms, not to be confused energy (TWh)
More informationFeatures of intermittend electricity supply
Features of intermittend electricity supply F. Wagner, Max-Planck-Institut für Plasmaphysik, Greifswald 1 Topic: Transformation of energy system; fossil RE Now: PE(chemical) Mechanical energy (transport)
More informationGERMANY S COAL PHASE-OUT
GERMANY S COAL PHASE-OUT SCENARIO ANALYSIS FOR THE GERMAN POWER PRICE TO 23 By Marcus Ferdinand, Matthew Jones and Vlasis Megaritis GERMANY S COAL PHASE-OUT SCENARIO ANALYSIS FOR GERMAN POWER PRICES TO
More informationImpacts of High Variable Renewable Energy (VRE) Futures on Electric-Sector Decision Making
Impacts of High Variable Renewable Energy (VRE) Futures on Joachim Seel, Andrew Mills, Ryan Wiser Lawrence Berkeley National Laboratory Presentation at International Conference on Energy Systems Integration
More informationPAGE 38 THOMAS KUSTERER THE GERMAN ENERGY TRANSITION
PAGE 38 THOMAS KUSTERER THE AUTHOR PAGE 39 Thomas Kusterer Chief Financial Officer EnBW Energie Baden-Würtemberg AG The German Energy Transition Partnership Models and a Reliable Framework as a Basis for
More informationTHE GERMAN ENERGY TRANSITION BUSINESS OPPORTUNITIES FOR THE POWER AND ENERGY INDUSTRIES
THE GERMAN ENERGY TRANSITION BUSINESS OPPORTUNITIES FOR THE POWER AND ENERGY INDUSTRIES FEBRUARY 2018 Claus Habermeier Germany Trade & Invest Who we are Foreign trade and inward investment agency of the
More informationRenewable Energy and combining it with Nuclear Power
Renewable Energy and combining it with Nuclear Power Christian Breyer Professor for Solar Economy, LUT Climate Seminar, Finnish Parliament Helsinki, December 2, 2014 Preliminary Note German point of view
More informationThe Future Perspective of the Electricity Market Unbundling and Market Integration: A German Perspective
The Future Perspective of the Electricity Market Unbundling and Market Integration: A German Perspective International Symposium Towards YR2030 and Beyond Japan Renewable Energy Foundation (JREF) Dr. Felix
More informationOutline. Introduction to Wisconsin. Barriers to Generating Electricity from. Incentives and Regulations Intended to
Experience of the United States in the Application of Incentives and Regulations for the Supply of Renewable Energy Chairperson Eric J. Callisto Public Service Commission of Wisconsin 20 May 2010 Outline
More informationASEAN s Energy Future: Challenges and Opportunities in the New Energy World
ASEAN s Energy Future: Challenges and Opportunities in the New Energy World Prof. Dr. Ing. Christoph Menke Trier University of Applied Sciences, Germany The Joint Graduate School of Energy and Environment
More informationEnergiewende in Germany
Energiewende in Germany IGov Conference Energy Governance: New ideas, new institutions, new people Dr. Barbara Praetorius London, 6th December 2016 Germany has a clear plan and some of the most ambitious
More informationTHE BALTIC SEA REGION STORAGE, GRID EXCHANGE AND FLEXIBLE ELECTRICITY GENERATION FOR THE TRANSITION TO A 100% RENEWABLE ENERGY SYSTEM
THE BALTIC SEA REGION STORAGE, GRID EXCHANGE AND FLEXIBLE ELECTRICITY GENERATION FOR THE TRANSITION TO A 100% RENEWABLE ENERGY SYSTEM Michael Child, Dmitrii Bogdanov and Christian Breyer Lappeenranta University
More informationHow to Specify Storage Systems Needed in Our Future Electric Grid
How to Specify Storage Systems Needed in Our Future Electric Grid German American Frontiers of Engineering March 3, 212 Potsdam Daniel Wolf Structure 1) Structure of German electricity system 2) Overview
More informationTowards a sustainable Romanian energy sector: Roadmap to RES in 2030 Deloitte Romania, June 2018
Towards a sustainable Romanian energy sector: Roadmap to RES in 2030 Deloitte Romania, June 2018 Content Background 03 1. Development scenarios 04 2. Impact & benefits 09 Key messages 12 2 Background Romania
More informationSmart energy systems and the role of Power-to-Gas
ENERGY Smart energy systems and the role of Power-to-Gas European Power-To-Gas Platform, second meeting 2016 Rob van Gerwen 1 SAFER, SMARTER, GREENER Role of Power-to-Gas Smart Energy Systems and the Energy
More informationIntegration of wind and solar in power systems. Cédric Philibert Renewable Energy Division International Energy Agency
Integration of wind and solar in power systems Cédric Philibert Renewable Energy Division International Energy Agency Electricity Security Workshop, Bangkok, 21 January 2016, Outline 1. Competitive solar
More informationVariable Renewable Energy Sources in Distribution Networks Martin Braun Fraunhofer IWES & Universität Kassel
Variable Renewable Energy Sources in Distribution Networks Fraunhofer IWES & Universität Kassel 1st International Conference on Large-Scale Grid Integration of Renewable Energy in India New Delhi, India
More informationElectricity Market Reform in Germany as an Insight to Japan s Future Reform
www.pwc.com Electricity Market Reform in Germany as an Insight to Japan s Future Reform PricewaterhouseCoopers AG Germany s Utilities & Regulation group Who we are Consultancy services to energy and other
More informationSummary The world's capacity of renewable energies including hydropower is expected to increase from 2,200 GW at the end of 2017 to over 2,600 GW at t
429th Forum on Research Works 26 July 2018 Outlook on Global Renewable Energy Market The Institute of Energy Economics, Japan Yasushi Ninomiya, Senior Researcher New and Renewable Energy Group Electric
More informationLIGNITE INDUSTRY IN GERMANY AND ITS LONG TERM CONTRIBUTION TO A TRANSFORMATION OF THE ELECTRICITY SYSTEM
LIGNITE INDUSTRY IN GERMANY AND ITS LONG TERM CONTRIBUTION TO A TRANSFORMATION OF THE ELECTRICITY SYSTEM Dr. Thorsten Diercks General Manager DEBRIV Bundesverband Braunkohle Domestic lignite: large resources,
More informationCLIMATE ACTION PLAN 2050
CLIMATE ACTION PLAN 2050 PRINCIPLES AND GOALS OF GERMAN GOVERNMENT S CLIMATE POLICY By Dr. Ursula Fuentes Hu2ilter On leave from former posi:on as Head of Unit, Federal Ministry for the Environment, Nature
More informationCosts and benefits of deploying renewables
Costs and benefits of deploying renewables Overview on the concept and some examples DIACORE Policy Workshop, June 25th 2015 by Barbara Breitschopf, Anne Held and Mario Ragwitz Overview on the concept
More informationRenewable Energy Sources Act. Progress Report 2007
Renewable Energy Sources Act Progress Report 2007 pursuant to Article 20 of the Act - Draft prepared by the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) Summary 5.7.2007
More informationEvent Speaker Lisa Jacobson. President, The Business Council for Sustainable Energy
Event Speaker Lisa Jacobson President, The Business Council for Sustainable Energy About the BCSE The Business Council for Sustainable Energy (BCSE) is a coalition of companies and trade associations from
More informationThe Energy Region North Rhine-Westphalia and the EnergyAgency.NRW. Magdalena Sprengel, EnergyAgency.NRW Foreign Affairs & Global Energy Markets
The Energy Region North Rhine-Westphalia and the EnergyAgency.NRW Magdalena Sprengel, EnergyAgency.NRW Foreign Affairs & Global Energy Markets Slide 1 Düsseldorf, September 23th, 2015 Outline Energy Transition
More informationRenewable energy in Europe. E-turn 21 workshop Cologne, 10 May 2006
Renewable energy in Europe E-turn 21 workshop Cologne, 10 May 2006 Content 1. Introduction to Essent 2. EU policy 3. Support for renewable energy 4. Success factors 5. Outlook and recommendations Content
More informationThe Green Transition of the Danish energy system
The Green Transition of the Danish energy system Brazilian Delegation - Smart Grid Tour Visit to Energinet.dk 24 November 2014 Peter Jørgensen, Vice President 2014.10.20 The Green Transition of the Danish
More informationEfficienza energetica, smart grid e fonti rinnovabili: la strada maestra per un Europa elettrica
Workshop Safe 2012 Efficienza energetica, smart grid e fonti rinnovabili: la strada maestra per un Europa elettrica MARCO A.G. GOLINELLI - VICEPRESIDENTE WÄRTSILÄ ITALIA S.P.A. ROME, 6.07.2012 1 Wärtsilä
More informationMethodology for calculating subsidies to renewables
1 Introduction Each of the World Energy Outlook scenarios envisages growth in the use of renewable energy sources over the Outlook period. World Energy Outlook 2012 includes estimates of the subsidies
More informationHIGH RESOLUTION RENEWABLE ENERGY SCENARIOS & KOMMOD MODEL APPLICATION
HIGH RESOLUTION RENEWABLE ENERGY SCENARIOS & KOMMOD MODEL APPLICATION Introduction Gerhard Stryi-Hipp Coordinator»Smart Energy Cities«Fraunhofer Institute for Solar Energy Systems ISE Seminar on Provincial
More informationThe German Monitoring Process of Energiewende
The German Monitoring Process of Energiewende Hans-Joachim Ziesing Member of the independent German Expert Commission on the Energy of the Future monitoring process Low Carbon Markets and the Legacy of
More informationThe energy market in 2030 and 2050 The contribution of gas and heat infrastructure to efficient carbon emission reductions
The energy market in 23 and 25 The contribution of gas and heat infrastructure to efficient carbon emission reductions Final Report, January 218 www.ewi.research-scenarios.de ewi Energy Research & Scenarios
More informationRenewables, Storage and the New Electricity Landscape
Renewables, Storage and the New Electricity Landscape Imperial College Business School Richard Green, ELAEE Rio, 217 1 Two types of markets Thermal markets are power-limited Hydro markets are energy-limited
More informationACCELERATING GREEN ENERGY TOWARDS 2020 ACCELERATING GREEN ENERGY TOWARDS The Danish Energy Agreement of March 2012
ACCELERATING GREEN ENERGY TOWARDS ACCELERATING GREEN ENERGY TOWARDS The Danish Energy Agreement of March Ministry of Climate, Energy and Building Design and layout: Solid Media Solutions Print: Prinfohhk.dk
More information