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 IBA Oil and Gas Law Committee is organising a conference on “Opportunities and Challenges for the Oil & Gas Business: from a North Sea and Atlantic Perspective” in Oslo from 22 to 24 June 2016. I will be on the panel discussing the Paris Agreement and its impact for the oil and gas business.
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.
The Bavarian Constitutional Court today decided that the controversial 10h minimum distance requirement for wind power plants in Bavaria is in line with the constitution. Pursuant to the so called 10h-regulation (10H-Regelung) contained in the revised Bavarian Building Code, wind power plants have to maintain a minimum distance from residential housing of ten times the total height of the wind power plant.
After the Federal Ministry for Economic Affairs and Energy launched its consultation on the proposed revision of the Incentive Regulation Ordinance (ARegV), it is now looking at the comments. For the most part, the revision shall bring changes for distributions system operators, encouraging modernisation of the distribution grid to make it better suited to deal with increasing amounts of renewable energy. Continue reading ‘Revision of Incentive Regulation Ordinance’
To boost electric car sales in Germany, the government last week presented a new initiative, proposing incentive premiums of EUR 4,000 for all-electric cars and EUR 3,000 for plug-in hybrids. The initiative was presented after a high-level meeting at the Chancellery between several ministers and car industry representatives. The project is still on the political level, so that several details of this e-mobility initiative still have to be worked out. As half of the premium shall not be paid by the government but by (participating) car manufacturers, we still have to see who will pay the premium, and whether commercially the premium will be only half of the politically announced figure.
The Commission to Review the Financing for the Phase-out of Nuclear Energy (Kommission zur Überführung der Finanzierung des Kernenergieausstiegs – KFK) presented its final report on 27 April 2016. It included a proposal to establish a EUR 23.3 billion state operated fund to finance nuclear waste storage, initially paid for by the power plant operators of Germany’s four large utilities – RWE, E.ON, Vattenfall and EnBW. Responsibility for decommissioning and dismantling the nuclear power plants shall remain with the operators indefinitely.
With its Electricity Market 2.0 project, the German government wants to take an important step towards enhanced integration of renewable energy sources into the electricity market. Renewables in 2015 already constituted about one third of Germany’s electricity consumption. The challenge is to integrate an increasing amount of intermittent renewable energy with feed-in priority into the system, in a secure, cost-efficient and sustainable way.