After the earthquake in the Netherlands, the gas sector must adjust to further cuts in L-gas imports. The electricity prices at the long end go down according to political announcements to postpone a coal exit and due to lower coal prices.
According to the current state, it is not unlikely that Germany will soon be governed again by a grand coalition of the CDU/ CSU and the SPD. While in the Jamaica-negotiations last year, progressive elements such as the shutdown of up to 7 GW of coal capacity were plans on the table, the entire issue of a coal phase-out should be outsourced to a commission named “Growth, structural change and employment”. By the end of 2018, a plan for the reduction and ultimately the phase-out of coal-fired power generation might be available. The climate protection target of 40 percent emission reduction by 2020 compared to 1990 was also abandoned, but should be achieved in the early 2020s. The focus should now be on securing the target for 2030. Nevertheless, the future coalition partners have also agreed to raise the share of renewables in the electricity sector to 65 percent by 2030. Special tenders of 4,000 MW of each wind and solar energy in 2019 and 2020 should contribute to this
Read the complete article on the Energy Brainpool website
European Gas Hub is an online platform for sharing analysis and information about European natural gas markets more info
Sign up to receive our weekly newsletter with new European gas market reports, presentations & analysis. Every Tuesday.
By signing up, I agree to our TOS and Privacy Policy.
© 2020 EuropeanGasHub | All Rights Reserved
SIGN UP to receive our weekly newsletter with new European gas market reports, presentations & analysis. EVERY TUESDAY!
