BERLIN, Jan 21 (Reuters) – Germany risks undermining its
industrial base if it fails to undertake radical reform of
incentives for the country’s renewable energy sector, its new
economy minister said on Tuesday in a clear signal of his
support for industry.
German firms had to stay competitive, Sigmar Gabriel said a
day before he outlines planned changes to a renewable energy law
to Chancellor Angela Merkel’s cabinet, which sources say will
involve deep cuts in green energy support.
FRANKFURT (Reuters) – Germany’s energy sector gets its first major speech from new economy and energy minister Sigmar Gabriel this week with utilities and households both hoping he can ease the cost burden imposed on them by Berlin’s push for greener energy.
Germany is undergoing Europe’s deepest energy transformation as it exits nuclear, renewables surge and cheap coal plays havoc with plans to switch to cleaner natural gas.
FRANKFURT, Jan 19 (Reuters) – The southern German town of
Goeppingen, set in the Alpine foothills, is a magnet for
tourists and famous for being the home of toy train maker
For activists in the German “Rekommunalisierung” movement
that wants to take local electricity networks away from the big
utilities and put them back in public hands, picturesque
Goeppingen now has another reason to be proud.
LONDON/FRANKFURT, Jan 9 (Reuters) – North Europe’s
devastating storms sent wind turbines spinning and helped
strengthen a new winter phenomenon for the region – negative
Damaging for utilities losing money making electricity,
delighting traders who cash in on price swings, they will not,
however, mean cheap power for households.
FRANKFURT, Dec 3 (Reuters) – Power grid operator TenneT
has failed to persuade Germans to fund a wind power
line along the North Sea coast, the company said on Friday,
raising a fraction of the targeted cash in a campaign that cost
TenneT signed up just 142 people for a total 833,000 euros
($1,100,000) of shares, having hoped to raise up to 40 million
euros, or 15 percent of its total investment budget for a 150-km
(90-mile) north-to-south line in Schleswig-Holstein state.
FRANKFURT, Nov 19 (Reuters) – Germany defended its nuclear
fuel tax on Tuesday after a Hamburg court referred a complaint
by power companies RWE and E.ON to the
highest EU court.
The Hamburg Financial Court said it doubted whether the levy
was compatible with European law, strengthening the hand of the
utilities who say they have paid 3 billion euros ($4 billion)
since the tax was introduced in 2011.
FRANKFURT (Reuters) – Top emitters China and the United States are underspending on carbon-free technology relative to their level of emissions, according to a spending model devised by German research institute IWR.
The private institute, which advises German ministries on ways to curb climate-harming carbon output, has suggested countries be given an annual spending target on renewables relative to their fossil fuels consumption.
FRANKFURT/OSLO, Oct 9 (Reuters) – National power markets
across Europe will next month begin pooling electricity for
millions of consumers across 15 countries, creating the first
step towards a common market for nearly three quarters of
Because the markets used to be isolated, the lack of links
between neighbouring countries makes it difficult to tackle
situations of over or undersupply, which if properly handled,
could lead to lower energy prices for industry.
LONDON/FRANKFURT, Oct 2 (Reuters) – Britain has lost its
long-standing position as Europe’s leading gas consumer to
Germany, and the shift could threaten the UK’s ranking as the
continent’s biggest gas trading hub.
Britain’s natural gas demand has plunged 22 percent over two
years due to a weak economy and because cheap coal imports have
made coal more profitable for generating electricity than gas.
FRANKFURT, Sept 27 (Reuters) – Wholesale gas and gas futures
trading volumes are rising in the Netherlands and falling in
Britain, a sign that Dutch hub TTF is drawing financial traders
away from its bigger British rival, a study said on Friday.
“Activity at the (British) National Balancing Point (NBP)
has reduced and may continue to reduce further,” said Nigel
Harris, co-author of the report which was issued by UK