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Germany's Glut of Electricity Causing Prices To Plummet
WIth an interesting followup to the recent news that Germany's power production by at least some measures was briefly dominated by solar production, AmiMoJo (196126) writes Germany is headed for its biggest electricity glut since 2011 as new coal-fired plants start and generation of wind and solar energy increases, weighing on power prices that have already dropped for three years. From December capacity will be at 117% of peak demand. The benchmark German electricity contract has slumped 36% since the end of 2010. "The new plants will run at current prices, but they won't cover their costs" said Ricardo Klimaschka, a power trader at Energieunion GmbH. Lower prices "leave a trail of blood in our balance sheet" according to Bernhard Guenther, CFO at RWE, Germany's biggest power producer. Wind and solar's share of installed German power capacity will rise to 42% by next year from 30% in 2010. The share of hard coal and lignite plant capacity will drop to 28% from 32%.
People here keep saying that Germany is adding coal capacity to make up for the closure of nuclear plants, but actually they are reducing it over time. Yeah, in the short term there are more plants, but that is just so they can get running before taking the old ones off line. After that the total capacity will be lower.
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SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
Lower prices???? In what world?
The prices per kW/h have risen year after year in Germany. How do I know this? I'm living in fucking Germany and get a higher bill each and every year.
RWE is one of the greediest bitches in Germany. They even have the audacity to ask the government to pay for the save destruction of their own nuclear plants, after receiving subsidies to operate them and extracting as much money as possible for their own pockets.
So instead of extremely high prices we are going to get high prices? Awesome!
http://de.wikipedia.org/wiki/S...
Lists an average price of 26,4 ct/kWh for 2012 in Germany. RWE.de gives me a current price quote of 25,72 ct/kWh.
The average in Europe is 18,4 ct/kWh.
Power may be cheaper on the exchange but the consumer is still getting shafted.
The only people who will profit from this are energy traders and power hungry corporations. They currently pay ~15 to ~12 ct/kWh.
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The average household electricity prices in Germany were at ~29 eurocents per kWh in 2013 and they are rapidly rising 5-10% per year. The "price drop" the article describes is the drop in the electricity exchange market (EEX) prices, which indeed went down from something like 5.5 cents to 3.75 cents in the last years. The reason is the massive influx of highly subventioned solar, wind and biogas-generated electricity. At times when the renewables production spikes, the electricity is "sold" at negative prices - i.e. whoever takes it, gets paid.
For the end user, the falling market prices are pretty much irrelevant, since the end price contains the averaged difference fee ("EEG-Umlage") between the subventioned price and the market price - the lower the market price, the more the end users have to pay to get the subventioned price to the level defined by law. The more renewable energy is produced, the more they have to pay in total.
The other side of the issue is that the commercially operated conventional power plants cannot competitively operate against prices deflated by subventions, so many operators announced to scale down their capacity and close many power plants. In many cases, brand-new gas-fired plants with very high efficiency are affected, of all things, because of the rising gas prices. This however plays against the renewable energy plans, since exactly these gas-fired plants are direly needed to keep the grid stable in presence of highly fluctuating renewable inputs. Currently there are talks about introducing subventions for the conventional gas- and coal-fired powerplants in order to maintain their generation capacity. The subventions of course will be forwarded to the end user.
The batteries are Fullriver DC310-6 gel-packs which are supposed to deal with hydrogen out-gassing. I think the model number translates to 6 volt, 310 Amp hours. They're connected in series to yield 48 volts DC to the inverter.
The system was sized to run the critical circuits in the house for 3 days. (Critical being the heating boiler (LP), some lights, the kitchen (except the electric oven), a sump pump, and a circuit for the living room and master bedroom.