Senior Power Correspondent
Vera's Feed
Mar 6, 2013

German power breaks ruled unlawful, EU to investigate

FRANKFURT, March 6 (Reuters) – Power grid charge exemptions
which saved big industry in Germany 300 million euros ($390
million) last year were ruled unlawful by a German court on

The European Commission separately said it would investigate
the exemptions, which were granted to big companies in sectors
such as metals, chemicals, glass, cement and building materials.

Mar 5, 2013

RWE says unlikely to repeat record CO2 output of 2012

ESSEN, Germany, March 5 (Reuters) – The modernisation of
German utility group RWE’s brown-coal-fired power
plants makes it unlikely that Europe’s biggest carbon dioxide
emitter will this year repeat its 179.8 million-tonne CO2 output
in 2012, RWE said on Tuesday.

RWE’s huge demand for CO2 certificates factors in the EU’s
mandatory carbon trading scheme (ETS), which requires that power
generators cover their output with emissions allowances.

Mar 4, 2013

Green investors take fright at German bid to cap power prices

FRANKFURT, March 4 (Reuters) – Germany’s plan to curb rising
energy costs for consumers before a September election may
backfire if it scares off the investors desperately needed to
fund an ambitious shift from nuclear to renewable energy.

Chancellor Angela Merkel’s 550-billion euro ($714 billion)
energy shift, dubbed “Energiewende”, was unveiled nearly two
years ago after Japan’s Fukushima disaster and depends on the
financial firepower of pension funds, infrastructure investors
and utilities, including the likes of Allianz, Munich
Re, E.ON and RWE.

Mar 1, 2013

German local utilities present plan to reorganise power market

FRANKFURT, March 1 (Reuters) – German local utility group
VKU on Friday proposed reforms to make the power market more
competitive to integrate the rising share of renewable power at
reasonable cost and safeguard steady supply.

Wholesale power prices are teetering near eight-year lows
due to weak demand and overcapacity in Europe’s biggest power
market of 517 terawatt hours (TWh) a year, partly caused by an
unhindered renewables expansion.

Feb 18, 2013

German power market paralysed by subsidised renewables

FRANKFURT/LONDON, Feb 18 (Reuters) – Germany’s wholesale
power market is teetering as long-term prices trade near
eight-year lows and September elections dim hopes for any speedy
reform of renewable subsidies blamed for overcapacity and weak
utilities’ margins.

Successive German governments have paid out generous
subsidies to develop wind, solar and biomass power generation
capacity. This has guaranteed producers fixed prices and given
green power priority access on transmission grids.

Feb 5, 2013

Trianel calls for German power market reform

ESSEN, Germany, Feb 5 (Reuters) – German utility group
Trianel said its new coal-fired power station at Luenen will be
loss-making for years and urged policymakers to come up with
remedies for a skewed energy market.

Luenen, planned around five years ago by the 29 local
utilities and regional energy firms who together form Trianel,
is a victim of German policy to favour low-carbon generation
with subsidies which have driven down the price of electricity
from other sources.

Feb 4, 2013

German environment minister brushes off power price plan carping

ESSEN, Germany, Feb 4 (Reuters) – German Environment
Minister Peter Altmaier on Monday reaffirmed his intention to
limit power price rises for consumers ahead of September general
elections and pledged to look for multi-party backing for his
latest reform plan.

“Power prices need to be kept at a level you can calculate
and rely on,” he said at a conference in Essen. “The way the
system works now cannot continue and politicians have to meet
their responsibilities to change it.”

Jan 23, 2013

German power bonanza energises big players and small specialists

BERLIN, Jan 23 (Reuters) – Germany’s impending energy shift
has set a host of companies, from conglomerates to niche
specialists, jostling for position to capitalise on the
country’s most ambitious infrastructure project in recent

“This is the most exciting time in Germany’s energy sector
since the end of the 1960s, when we saw the last wave of big
grid investments,” says PSI AG Chief Executive Harald

Jan 22, 2013

EU energy chief appeals to Germany to drop energy isolation

BERLIN, Jan 22 (Reuters) – Germany must turn away from its
go-it-alone energy shift and work more with the European Union
to build a cost-efficient, secure and sustainable sector,
European Energy Commissioner Guenther Oettinger said on Tuesday.

“Germany has to make its energy transformation compatible
with Europe,” Oettinger said on the opening day of Germany’s
most prestigious energy gathering, the three-day annual
Handelsblatt conference.

Jan 22, 2013

Germany takes leave of power market fundamentals

BERLIN, Jan 22 (Reuters) – Wholesale power prices in Germany
are at their lowest in more than three years, undermining the
profitability of fossil fuel power generation and trading, and
yet 40 million households pay record prices well above European
Union averages.

To explain this state of affairs, look no further than the
expansion of renewable energy installations, which provide
bursts of subsidised power often enough to trash market

    • About Vera

      "I report on German power and gas markets in liaison with a team of other specialists in European bureaus. I am based in Frankfurt and previously covered commodities out of Hamburg and London. My aim is to identify market and industry trends and to produce high quality copy which is accessible to expert subscribers as well as to energy and business audiences, and to help shape our energy products."
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