bdew - quo vadis german energy policy - andreas kuhlmann
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www.bdew.deBDEW Bundesverband der Energie- und Wasserwirtschaft e.V.
Quo vadis German Energy Policy
Andreas KuhlmannDirector Strategy and Politics
Berlin, 24 October 2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
For me „Energiewende“means first and foremost...
25 22 2132 34
22
38 34 3626
4752
32 36 3731
1727
all CDU/CSU SPD Linke Grüne Piraten
Nuclear phase-outDevelopment of renewable energiesAchieving climate targets
By political party
n=1.010
Quo vadis German Energy PolicyPage 2
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
Energy concept 2010 / overview
Overview of the objectives: Reduction of greenhouse gases: 2020: 40%, 2030: 55%, 2040: 70%, 2050: 80-95 %
Expansion goals for renewable energy: Gross final energy consumption: 2020: 18%, 2030: 30%, 2040: 45%, 2050: 60% Gross electricity consumption: 2020: 35%, 2030: 50%, 2040: 65%. 2050: 80%
Reduction of heating needs: 2020: 20%, 2050: 80% (primary energy needs) Doubling the rate of energy-related renovation: from today‘s 1% to 2% p.a.
Reduction of primary energy consumption by 20% by 2020 and by 50% by 2050 Increasing energy productivity by 2.1 % p.a.
Reduction of electricity consumption (10% by 2020, 25% by 2050)
E-Mobility: One million e-cars by 2020
Quo vadis German Energy PolicyPage 3
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann Seite 4
Energy concept 2010 / overview
In summary:
Very ambitious!
Quo vadis German Energy PolicyPage 4
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
The „German Energiewende“:
Source: BDEW, BMU-Leitstudie 2011
0
20 000
40 000
60 000
80 000
100 000
120 000
140 000
160 000
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
MW
Thermal waste treatment Water power >5 MW* Water power <5MW*Biomass Wind onshore Wind offshorePhotovoltaics Geothermal energy**
Renewable Energies Act (EEG)Roads Act
* Partly estimated; **Geothermal energy not visible (2011: 10 MW)
2012
Maximum load: ca. 83.000 MW
Minimum load: ca. 35.000 MW
Photovoltaics
Wind offshore
Wind onshore2000
?
Quo vadis German Energy PolicySeite 5
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
Deployment of power plants in 2001Utilisation of power plants and load (in MW)
Wednesday, 17 October 2001
0
10 000
20 000
30 000
40 000
50 000
60 000
70 000
80 000
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23Time of day
Psp.-ErzeugungPhotovoltaikWindSonst. EEWasserkraftSonstigeErdgasSteinkohleBraunkohleKernenergie
Sources: Statistisches Bundesamt, www.eeg-kwk.net, BDEW (own calculation)
Quo vadis German Energy PolicyPage 6
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
Situation 21 to 25 March 2013
0
10 000
20 000
30 000
40 000
50 000
60 000
70 000
80 00000 03 06 09 12 15 18 21 00 03 06 09 12 15 18 21 00 03 06 09 12 15 18 21 00 03 06 09 12 15 18 21 00 03 06 09 12 15 18 21
Wind Photovoltaics Load
Thursday,21.03.2013
Friday,22.03.2013
Saturday,23.03.2013
Sunday,24.03.2013
Monday,25.03.2013
Residual Load: 65.274 MW2% load coveragewith Wind&PV
Residual Load: 14.405 MW69% load coveragewith Wind&PV
Sources: Transmission System Operators, BDEW (own calculation)
Quo vadis German Energy PolicyPage 7
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
0
10.000
20.000
30.000
40.000
50.000
60.000
70.000
80.000
08.0
3.30
08.0
3.30
09.0
3.30
09.0
3.30
10.0
3.30
10.0
3.30
11.0
3.30
11.0
3.30
12.0
3.30
12.0
3.30
13.0
3.30
13.0
3.30
14.0
3.30
14.0
3.30
15.0
3.30
15.0
3.30
16.0
3.30
16.0
3.30
17.0
3.30
17.0
3.30
18.0
3.30
18.0
3.30
19.0
3.30
19.0
3.30
20.0
3.30
20.0
3.30
MW
Residual load Consumption (network load)
0
10.000
20.000
30.000
40.000
50.000
60.000
70.000
80.00008
.03.
3008
.03.
3009
.03.
3009
.03.
3010
.03.
3010
.03.
3011
.03.
3011
.03.
3012
.03.
3012
.03.
3013
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3013
.03.
3014
.03.
3014
.03.
3015
.03.
3015
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3016
.03.
3016
.03.
3017
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3017
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3018
.03.
3018
.03.
3019
.03.
3019
.03.
3020
.03.
3020
.03.
30
MW
WindPhotovoltaics
Wind & PVConsumption (network load)
I
Wind, photovoltaics and electricity in 2030:A simple estimation
Source: BDEW (own calculation)
Wind & photovoltaics in 2030 Residual load in 2030Installed capacity: wind 62.800 MW*, photovoltaics 63.000 MW*Electricity consumption: -15% gg. 2008; weather as in 2011
* According to BMU-Leitstudie 2010
Seite 8Quo vadis German Energy Policy
Seite 823.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
Photovoltaics feed-in, May 15th, 2013
Photovoltaics
For comparison:
Nuclear
0
5 000
10 000
15 000
20 000
25 000
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
Feed
-in in
MW
Time of day
15 May 2013
Sources: EEX, www.eeg-kwk.net
Quo vadis German Energy PolicyPage 9
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
June 2009 July 2009
June 2011 July 2011
Utilisation gas power plantGersteinwerk (427 MW, implemented in 1973)
Source: RWE
Quo vadis German Energy PolicySeite 10
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
Electricity generation capacity (GW)Gross electricity generation (TWh)
• It is necessary to significantly expand capacities for renewable energies to achieve a share of 35 % in electricity consumption by 2020 and 50 % by 2030 (with constant electricity consumption)
• The conventional generation system must be held available as back-up or system service, however, electricity generation declines significantly (economic efficiency?)
Challenges for the generation system: Considerably more capacity fo the same task
Con
v.
Con
v.
Con
v.
Ren
ew.
Ren
ewab
les
Ren
ewab
les
0
40
80
120
160
200
240
2010 2020 2030
Con
vent
iona
l
Con
vent
iona
l
Con
vent
iona
l
Ren
ew.
Ren
ewab
les
Ren
ewab
les
0
100
200
300
400
500
600
2010 2020 2030
Quo vadis German Energy Policy Seite 1123.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
German Energiewende:New issues…
What about security of supply in Germany?
What will be the future market design? Capacity remunerations?
How far will prices for energy rise?
Will there be a real EU framework for energy and climate policy?
How is the Energiewende to be financed?
Can expansion of the networks and infrastructure keep pace withthe expectations and the expansion of renewable energies?
And many other issues…
Result: Uncertainty
Quo vadis German Energy PolicyPage 12
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann Seite 13
Technical challenges: We need…
rapidly adjustable, highly flexible power plants
a reservoir of adequate conventional reserve capacities
new storage technologies
an intensive expansion of the power networks
a new market design
new control technologies and system services
and above all more intelligence in the whole energy supply system. Fromthe consumer and the grids to generation itself.
Bottom line: a whole range of new innovations…
Quo vadis German Energy PolicyPage 13
23.10.2013
www.bdew.deBDEW Bundesverband der Energie- und Wasserwirtschaft e.V.
What does the public think?
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
Importance and progress of theEnergiewende
4149
62 3
29
58
4
The Energiewende is ... The Energiewende isprogressing…
n = 1.011
veryimportant
important lessimportant
not at allimportant
very well well not verywell
poorly
As of 06/2012; changes vs. 01/2012 in brackets
(-11)(+12)
(-1)(-1) (-1)
(-11)
(+6)
(+3)
Quo vadis German Energy PolicyPage 15
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
When electricity is generated primarilyfrom renewable energies, …
22 22
48
morelessno change
16
78
believe it
do not believe it
75
6
18
increasedeclineremain stable
…we will depend … on electricity imports...
…there will bemajor power failures.
…electricity pricestend to...
n = 1.011
(+3)
(+2)
(-5)
(+/-0)
(-1)(-6) (+1)
(+2)
As of 06/2012; changes vs. 01/2012 in brackets
Quo vadis German Energy PolicyPage 16
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
„Energiewende“ has...
61
19 15
37 3526
ratheradvantages
noconse-
quences
ratherdis-
advantages
ratheradvantages
noconse-
quences
ratherdis-
advantages
for me individuallyfor the industrial locationGermany
(+9)
(+2)(+/-0)
(-1) (-5)
(+/-0)
n=1.010; changes vs. 01/2012 in brackets
Quo vadis German Energy PolicyPage 17
23.10.2013
www.bdew.deBDEW Bundesverband der Energie- und Wasserwirtschaft e.V.
The money issue
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
Electricity bill for households
37,65 33,8325,14 25,03 28,29 29,90 31,65 32,73 34,18 35,55 37,89 41,18 40,51 40,25 41,33 41,76
12,25 14,38
15,52 16,7418,70 20,24 20,74 21,70 22,58 24,65 25,26
26,52 28,59 33,34 34,1842,04
49,90 48,2140,66 41,77
46,99 50,14 52,39 54,43 56,76 60,20 63,1567,70 69,10
73,59 75,5183,80
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Source: BDEW, As of: 04/2013
Generation, transport and sales
+ 68 %
Taxes and levies(EEG apportionment, KWK surcharge, surcharge accord. to§ 19 Network Charges Ordinance (StromNEV), offshore wind power surcharge, electricity tax, concession fee, VAT)
+ 243 %
+ 11 %
Changes comparedto 1998
Average monthly electricity bill of a three-person household in EurosYearly consumption: 3,500 kWh
Quo vadis German Energy PolicySeite 19
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
9,15 8,51
5,46 5,61 5,99 6,177,02 7,65
9,26 9,0010,70
8,70 8,63 8,83 8,987,61
0,20 0,250,35 0,42
0,510,69
0,88 1,02
1,16
1,31 2,05
3,530 3,5925,277
0,361,23
1,231,23
1,23 1,23
1,23
1,231,23
1,54 1,541,54
9,34 8,86
6,05 6,47 6,867,98
8,929,73
11,53 11,41
13,25
11,4012,07
14,04 14,33 14,87
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013Erzeugung, Transport, Vertrieb Konzessionsabgabe EEG-Umlage*KWK-Aufschlag §19-Umlage Offshore-HaftungsumlageStromsteuer
Electricity prices for industrial customersalso rise considerably due to levies and taxes
0,19
0,080,11
Average electricity prices for the industry in Cent/kWh (including electricity tax)Annual consumption 160 to 20,000 MWh (Supply at medium voltage level; feed-in 100kW/1,600h to 4,000kW/5,000h)
0,090,11
0,13 0,11
0,050,11
0,050,11
0,050,11
0,050,11
0,05
0,110,05
0,11
0,05
0,11
0,11
0,05
0,11
0,05
0,11
0,03
0,11
0,070,04
0,11
0,100,07
0,17
0,15
0,260,31
* From 2010 application of the Ordinance on a Nationwide Equalisation Scheme Sources: VEA, BDEW; As of: 05/2013
Quo vadis German Energy PolicySeite 20
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
Most industrial firms have to pay forrenewable energies…
Sources: BDEW (own calculation based on forecast data for EEG apportitionment 2013 of 15/10/2012), BAFA, Stat. Bundesamt
96 %
4 %
44,865industrial
firms
Full EEG apportitionment:rd. 43,000 industrial firms
1,638 businesses/business units benefit from the special equalisation scheme under Article 16 EEG
* Economic activities defined in sections B (mining and quarrying) and C (manufacturing), German Classification of Economic Activities, 2008 edition (WZ 2008)
96% of all industrial firms in Germany pay the full levy(2013: 5,277 ct/kWh) for the renewables energy act (EEG)!
Quo vadis German Energy PolicySeite 21
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
…but there are some exceptions:
96 %
4 %
44,865industrial
firms
Full EEG apportitionment:rd. 43,000 industrial firms
1,638 businesses/business units benefit from the special equalisation scheme under Article 16 EEG
Only 4% of all industrial firms in Germany pay a reduced levy for the renewables energy act (EEG): • electricty intensive industrial
firms (e. g. steel, aluminium, chemical base materials, paper)
• costs for electricity have toexceed 14% of the gross valueadded
• >1 GWh yearly consumption• Additionally: Railways• International competition…
* Economic activities defined in sections B (mining and quarrying) and C (manufacturing), German Classification of Economic Activities, 2008 edition (WZ 2008)Sources: BDEW (own calculation based on forecast data for EEG apportitionment 2013 of 15/10/2012), BAFA, Stat. Bundesamt
Quo vadis German Energy PolicySeite 22
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
Financial reliefs for power-intensive industryEEG 2013: Who will be „relieved“?
47 %
25 %
8 %
4 %
16 %
243.1 TWh
Source: BDEW (own calculation based on EEG 2013 forecast data of 15/10/2012)
Full EEG apportionment/5.277 ct/kWh:113.8 TWh
Limited EEG apport.0.05 ct/kWh: 60.6 TWh
Reduced EEG apport.1%/0.05277 ct/kWh: 20.9 TWh
Reduced EEG apport.10%/0.5277 ct/kWh: 9.9 TWh
Full EEG apportionment for nearly half of the industrial electricity consumption! Without exeptional rules according to §40 EEG 2012, the surcharge in 2013
would be 4.23 ct/kWh, thus 1.05 ct/kWh lower.
Industrial electricity consumption in 2013 according to EEG forecast 2013: 243,1 TWh
Relief from EEG apportionment according to §37 EEG: Industries consuming approx. 30-40 TWh from own electricity generation plants
Quo vadis German Energy PolicySeite 23
23.10.2013
www.bdew.deBDEW Bundesverband der Energie- und Wasserwirtschaft e.V.
What about jobs?
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
Development of jobs in the field ofrenewable energies in Germany
After continued growth, the number of jobs slightly declined for the first time in 2012. Thiswas especially due to the crisis in the solar industry. The total number of jobs remained on the previous year‘s level because wind and bioenergy developed well.
?
Quo vadis German Energy PolicyPage 25
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
Jobs: Consequences
But: Almost 42 million employees in Germany
About 29 million social secured employees
Out of which 5.2 million in manufacturing industry sector (18 %)
830,000 employees in energy intensive branches alone.
Challenging questions: Which consequences will Energiewende have on these jobs?
Will industry sector jobs remain competitive?
Quo vadis German Energy PolicyPage 26
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann Seite 27
Status Quo:
Problems:
Uncertainty (security of supply, prices, market design…)
Energy prices
International competition of German economy
Hope:
Financial reliefs
Still: Germany‘s energy security is one of the best in the world
Innovation: Energiewende is one of the most interesting andchallenging industrial projects of our time
Quo vadis German Energy PolicyPage 27
23.10.2013
www.bdew.deBDEW Bundesverband der Energie- und Wasserwirtschaft e.V.
BDEW-proposals
The Path to New Market Structures for the Success of the Energy Transition
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
BDEW- Proposals September 2013 Market integration, i.a. through mandatory direct marketing
for new installations (2 steps) System integration, i.a. by mandatory equipping with
technical components to deliver system services
Pillar I: Substantial EEG-Reform
Pillar II: Introduction of a decentralised capacity market
Creation of a legal basis for the introduction of a decentralised capacity market with an obligation for retailer / BRP to secure firm capacity
Activation when need is foreseeable
Accompanying measures in four areas
1. Use potentials for optimisation of the Energy-Only Market2. Introduction of a Strategic Reserve with a regional element
to replace the current grid reserve3. Creation of the basis for grid expansion4. „Embedding“ the measures within the EU Internal Energy
Market
Quo vadis German Energy PolicyPage 29
23.10.2013
www.bdew.deBDEW Bundesverband der Energie- und Wasserwirtschaft e.V.
Substantial reform of EEG
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
„Change of roles“
Conventionalenergy: ca. 80%
RES: ca. 20%
2012
Sources: BDEW, AG Energiebilanzen,: 08/2012; Targets of Federal Gov
Conventionalenergy: ca. 20%
RES: ca. 80%
Target year 2050
RES-Share of Gross domestic electricity consumption in Germany:
08.10.2013Quo vadis German Energy PolicyPage 31
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
EEG-Reform: Step 1 (I)
Mandatory direct marketing for new RES-installations Abolition of Management premium for new RES-installations Mandatory remote control capability of installations by
direct marketers for technical and operational system integration Mandatory provision of technical facilities for system
services Possibility for a change into direct marketing for existing
RES-installations while receiving a reduced management premium
Quo vadis German Energy PolicyPage 32
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
EEG-Reform: Step 1 (II)
Replacing guaranteed 20 years of support by volume-limited support Synchronisation of RES-expansion with grid extension by Strategic distribution grid planning
(Dimensioning of grids to 97% of possible yearly energy feeding volume – complete compensation of installation operator)
Introduction of allocation signals for RES-installation operators as part of system planning
Reform existing privileges (e.g. Exemption from EEG-levy) to avoid the effects of loss of solidarity
Quo vadis German Energy PolicyPage 33
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
EEG-Reform: Step 2
Transition – asap – from an ex-post market premium set by politics to an introduction of a competitively determined support level (ex-ante market premium) , e.g. in an auction model, on the basis of a coordinated RES-expansion between federal and Länder levelPrecondition: Well-prepared in advanceAdvantages if auction is correctly designed: Increase of cost efficiency of the energy transition Maintaining multiplicity of participants Achievement of renewable energy expansion goals Shift of previously socialised economic risks to the
investor
Quo vadis German Energy PolicyPage 34
23.10.2013
www.bdew.deBDEW Bundesverband der Energie- und Wasserwirtschaft e.V.
Decentralised Capacity Market
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
Decentralised capacity market - Concept
Currently uniform product„electricity“
is divided into two components
Energy(kilowatt-hours)
VSN – security of supply certificates(capacity)
Quo vadis German Energy PolicyPage 36
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
Decentralised capacity market – Central Elements Obligation on electricity retailers /BRPs to provide of security of supply
certificates (VSN) equal to the sum of the related electrical capacity at the time of shortage firm capacity becomes product of its own
Providers of firm capacities (Power plants, storage, controllable RES) can offer VSN
Standardisation of VSN suitable for exchanges and publicly tradable.
Product freedom for demand-side flexibility ( Innovation, Efficiency)
Introduction of a financial penalty in case of non-compliance at shortage
Accounts likewise for provider and demander of VSN
Penalty level determines level security of supply
Participation of foreign capacity possible if firm interconnection capacity can be booked
Quo vadis German Energy PolicyPage 37
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
Decentralised capacity market - advantages
Market solution No determination and tender of capacity need by the state Value of VSN is determined by supply and demand Demand side flexibilities are integrated in the market Energy Only market is only supplemented
Low administrative burden through decentralized approach Electricity retailers know best their customer‘s capacity need
Sole Focus on security of supply No pursuance of secondary objectives like climate protection
Possibility for connection with EU- Internal Energy Market
Quo vadis German Energy PolicyPage 38
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
Accompanying measures – EOM and Strategic Reserve
Further development of EOM EOM to remain the effective and efficient Dispatch-Instrument central market place for RES, power plants, storage, flexibilities
Diverse Options for further development exist Currently further work on this
Further development of EOM is the right choice, irrespective of a market design chance later on („no regret“)
Strategic Reserve Instrument to secure transition Appropriate indicator for need to activate VSN-Model Possible overlap with VSN-System in introductory phase
Quo vadis German Energy PolicyPage 39
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
MW
€/MWhAngebotNachfrage
MW
SR-Kapazität
Keine Markträumung möglich
Einsatz der Strategischen Reserve (SR) ermöglicht Markträumung
€/MWh
Principle of a Strategic Reserve
14. StadtwerkeForum der Thüringer Energie AG Seite 40
01.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
Accompanying measures – Grid infrastructure and European perspective
Grid infrastructure
Introduction of a stronger capacity component for network fees to counteract effects of loss of solidarity
Implementation of the BDEW „Roadmap Smart Grids“
Recognition of innovation and abolition of the time delay for distribution grids in the incentive regulation
Limitation of avoided network tariffs on controllable systems
European involvement
Strengthening the ETS with ambitious CO2-reduction targets beyond 2020
Rapid activation of the pentalateral Forum as a nucleus for European coordination of security of supply and market design
Quo vadis German Energy PolicyPage 41
23.10.2013
BDEW Bundesverband der Energie- und Wasserwirtschaft e.V. Andreas Kuhlmann
CWE Nordic
CEE
700
1100
2000
800
6002300
1000
8002200
900
41652575
32003500
285
1300 (2600)
1200
1000
6101500600
CSE
SWE
UK‐CH
CWE – Central Western EuropeCEE – Central Eastern EuropeCSE – Central South EuropeSWE – South Western Europe
Integration of the European energy exchange until2014 and beyond…
Targets of market integration in the European energy exchange:
By end of 2014: European Day-ahead trade (implicit auction and price coupling)
Intra-day trade of excess capacities on an integrated market platform
Establishment of a cross-border electricity balancing market
Quo vadis German Energy PolicySeite 42
23.10.2013
www.bdew.deBDEW Bundesverband der Energie- und Wasserwirtschaft e.V.
BDEWGerman Association for Energy and Water IndustriesReinhardtstraße 3210117 Berlin
Phone +49 30 / 300199-0www.bdew.de
Thank you for your attention!
Quo vadis German Energy PolicySeite 43
23.10.2013
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