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Market & Industry 15/08/2024, 16:58
At the start of the calendar week, there was a significant, short-lived price increase for EUAs.
(Image: Adobe Stock/kamilpetran)

CO2 prices trade sideways over the week

Willich - The financial and energy markets are currently in a very nervous mode. Nevertheless, there was little movement on the CO2 market during the reporting period. On Monday 12 August, there was a temporary price spike, with an increase of 4.3 per cent. The correlation between emission allowances and the gas market remains high.
Politics 15/08/2024, 16:28
The solar subsidy is causing discussion.
(Image: Envato Elements)

EEG costs could rise to 23 billion euros

Essen - According to a forecast by the Leibniz Institute for Economic Research (RWI), the costs of promoting renewable energy could rise even higher than previously assumed. The institute anticipates costs of up to 23 billion euros.
Gas & Heat 15/08/2024, 16:11
New charges and levies for natural gas will apply from October.
(Image: EWE/Torsten Ritzmann)

THE publishes new allocations and announces distribution

Berlin/Ratingen - In future, there could be further reductions in the price of natural gas. On 1 October, the so-called conversion fee from H-gas to L-gas will be abolished. In addition, the market area manager Trading Hub Europe has announced a payout.
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Politics

Politics 15/08/2024, 13:06
The signatories argue that the project contradicts the climate targets and the energy transition.
(Image: ONE-Dyas)

Scholz and Habeck are to stop gas project near Borkum

Berlin - In an open letter to Federal Chancellor Olaf Scholz and Minister of Economics Robert Habeck, eight environmental organisations are calling for a halt to the planned natural gas drilling near Borkum.
Politics 14/08/2024, 12:00

No time pressure from EU for German repository search

Brussels - Germany is allowed to take its time in finding a nuclear waste repository. This is the result of a request to the EU Commission. The German government's plans do not conflict with the Euratom Directive on the disposal of radioactive waste.
Politics 13/08/2024, 14:02

Amendment of support programme for coal regions

Berlin - The Federal Ministry for Economic Affairs and Climate Protection has launched the 'STARK' funding programme to support coal regions in phasing out coal. This programme is now being amended and direct company funding is now possible.
Politics 13/08/2024, 13:06

Lack of data makes energy-efficient refurbishment more difficult

Berlin - The German Property Federation ZIA, the Federal Association of German Cooperative Banks and Bausparkasse Schwäbisch Hall have called for a building database. This is to enable targeted investments in energy-efficient refurbishment.
Politics 13/08/2024, 11:48

Survey: Saxons want consensus on energy transition

Munich - Seven out of ten Saxons are calling for a cross-party consensus to switch from fossil fuels to renewable energies. This is the result of a survey conducted by the Initiative Klimaneutrales Deutschland for the state elections in Saxony. According to the survey, the Saxons misjudge their fellow citizens when it comes to the acceptance of wind energy.
All news in the rubric Politics

Market & Industry

Market & Industry 15/08/2024, 15:42
Despite the slump in earnings, MVV Energie invested 25 million euros more than in the same period of the previous year.
(Image: MVV Energie)

Despite slump in profits: MVV satisfied with business figures

Mannheim - A 54 per cent decline in business results is normally a cause for concern. But not at Mannheim-based regional supplier MVV Energie. The company has "successfully held its ground in a difficult market environment", commented CEO Georg Müller.
Market & Industry 15/08/2024, 15:33

Ørsted cancels plans for e-fuel production

Fredericia - Flagship One was due to go into operation in 2025. Ørsted wanted to produce e-fuels based on 'green' methanol on a large scale. Fourteen months after the start of construction, the Danes stopped the project and accepted write-downs in the three-digit million range.
Market & Industry 15/08/2024, 11:51

Baywa: 574 million euros cash injection to combat the acute crisis

Munich - The negotiations between Baywa's management and its financial partners have been successful: The severely ailing conglomerate will receive more than half a billion euros in fresh capital from its principal banks and shareholders, giving it time to draw up a restructuring concept by the end of September.
Market & Industry 14/08/2024, 17:00

For the energy transition, qualifications in the crafts trades must be improved

Gütersloh - The energy transition requires people who can install photovoltaic systems and wind turbines. According to a study by the Bertelsmann Foundation, traditional craft training is not necessarily designed for this.
Market & Industry 14/08/2024, 16:15

"Prices for GHG quotas continue to fall"

Gerolsbach - The police in Germany are now investigating the fraud scandal surrounding allegedly falsely declared biodiesel from China and suspected falsified UER certificates. The EU Commission has also initiated anti-dumping proceedings. Meanwhile, the downward price spiral in GHG quota trading continued.
All news in the rubric Market & Industry

Power

Power 15/08/2024, 15:50
The high gas prices benefit the operators of coal-fired power plants.
(Image: Wolfi30 - Fotolia)

Futures market continues to rise

Aachen - The war between Russia and Ukraine continues to cause unrest on the gas market, which is also having an impact on the electricity market. At the same time, there are also signals in the opposite direction.
Power 15/08/2024, 13:20

Large differences in dynamic electricity tariffs

Berlin - The number of dynamic electricity tariffs on offer has so far been manageable. However, the pricing is becoming less transparent. The consumer organisation Stiftung Warentest is now trying to shed some light on the situation.
Power 15/08/2024, 12:00

'Germany line' fully authorised

Altheim/St. Peter am Hart - Nothing stands in the way of the construction of the so-called 'Germany line'. The final planning section has been approved, Tennet announced.
Power 14/08/2024, 16:28

Electricity price increases are the biggest cause for complaint

Berlin - In 2023, the federation of German consumer organisations, VZBV, recorded the most complaints in the energy sector regarding electricity price increases and premium hikes. The VZBV also sees this trend in the first half of 2024.
Power 14/08/2024, 14:34

City of Kleve leads the way in PV systems on municipal buildings

Essen - Only 1.1 per cent of solar installations in Germany are on public buildings. In a study, Viessmann Climate Solutions has identified the leaders and laggards among the cities.
All news in the rubric Power

Gas & Heat

Gas & Heat 15/08/2024, 13:12
Will local authorities soon have to put district heating licences out to tender - similar to electricity and gas? The legal situation is not yet entirely clear.
(Image: Neubrandenburger Stadtwerke)

Will district heating be subject to mandatory tendering?

Frankfurt/Main - The district heating industry is concerned about the possibility of mandatory tendering for rights of way. This is common practice for electricity and gas, but not yet for district heating. The industry takes a critical view, warning of lengthy award procedures that would not be conducive to the heating transition.
Gas & Heat 14/08/2024, 17:17

Search for suspect in attack on Nord Stream

Karlsruhe - There are new developments in the Nordstream explosion investigation: The German Public Prosecutor General has issued an arrest warrant for a Ukrainian national in connection with the Nordstream 1 and 2 pipeline explosions.
Gas & Heat 14/08/2024, 16:50

Pilot grid for hydrogen technologies launched

Lingen - Converted natural gas pipelines are to form a large part of the future hydrogen grid. But not all the technical components are available yet. In a new test environment at RWE's Lingen site, the 'TransHyDE' project offers Get H2 the opportunity to test technologies.
Gas & Heat 14/08/2024, 16:36

Lower Saxony authorises natural gas extraction near Borkum

Hanover - The Dutch production company ONE-Dyas near Borkum is also authorised to drill for natural gas under the German North Sea. The federal state office has officially granted the licence. The platform is expected to deliver the first gas before the end of this year.
Gas & Heat 14/08/2024, 16:00

Mitnetz Gas expands biomethane feed-in

Kabelsketal - The grid operator Mitnetz Gas is increasing the proportion of biomethane in its gas grid. A new feed-in plant is now in test operation. The grid connection cost almost four million euros. Recently, such connection requests from biogas plants had caused discussions in the industry.
All news in the rubric Gas & Heat