The “terrifying” 12-billion-euro loss that Germany’s largest gas importer, Uniper, posted in the first half of 2022 must serve as a wake-up call for German energy policy. Germany must never again be as dependent on a single energy supplier as…
Gas crisis causes European Energy Exchange power prices to surge further
Day-ahead auction prices for electricity on the European Energy Exchange (EEX), headquartered in the eastern German city of Leipzig, have hit a new record high of 553 euros per megawatt hour (MWh). When compared to the price of just 58…
German associations demand an immediate increase in energy efficiency before the start of winter
As rising gas prices and a looming gas shortage affect households and businesses, an alliance of associations has urged Germany's government to increase energy efficiency ahead of the winter. Many groups in Germany have called for a "historic energy saving…
Due to rising energy prices, the German economy is expected to lose $265 billion in added value
According to a study conducted by the Institute of Employment Research in Germany, the conflict in Ukraine and rising energy prices will cause Germany's economy to lose more than 260 billion euros ($265 billion) in added value by the year…
The German government ponders the optimal design for a new gas tax as household gas costs are projected to triple
Germany's government is searching for methods to minimize the cost explosion for consumers as concerns over the country's increasing gas prices deepen. A new state tax on gas is still being planned by the government for introduction in October, which…
EU gas solidarity is hampered by the absence of fuel sharing agreements
The European Union reached an agreement this week to deal with a gas supply issue, but for it to be effective, member states must develop bilateral pacts to exchange gas, and the majority of them do not currently have such…
The Global Movement Towards Renewable Energy Is Remaining Strong
Renewable energy is the energy of the future. This remark may sound absurd, yet it is becoming increasingly plausible. Increasing numbers of individuals favor renewable energy over fossil fuels. Several factors are accelerating the global switch to clean energy, causing…
Germany increases gas emergency preparations as Nord Stream operations resume
The Nord Stream 1 pipeline from Russia to Germany has reopened after a 10-day shutdown for scheduled maintenance. Robert Habeck, Germany's economy and climate minister, said the country "cannot rely on supply" in light of the country's lower utilization rate…
CEOs urge European authorities to hasten adoption of ‘proven and scalable’ energy storage systems
The chief executive officers of Fluence, Gore Street, Gresham House, and six other companies have issued an open letter urging European policymakers to establish suitable goals and policy frameworks for the adoption of energy storage. The co-signatories praised the REPowerEU…
The German parliament passes a new law on onshore wind energy
The German government adopted the so-called "Easter Package" last week, which included a new onshore wind regulation. It intends to accelerate the spread of renewables. It requires Germany to have an 80 percent renewable electricity contribution by 2030 and a…