The EU generates a record amount of renewable electricity
A study found that ever since the conflict in Ukraine began, the European Union has produced more electricity from renewable sources such as the wind and the sun than it ever has before. Germany also broke the record for the…
German citizens continue to prioritize energy transition during the energy crisis
Despite the energy crisis's impact on prices and uncertainty, the majority of Germans still think the energy transition should be a top priority, according to a survey. According to the survey conducted by the Institute for Advanced Sustainability Studies, 69%…
European Union countries Squabble Over Price Caps for Gas
The European Union's member states disagreed on Friday in Brussels over whether and how to impose a price ceiling on soaring gas prices, with Germany among those opposed to the action that 15 other nations claimed was necessary to address…
The energy price crisis is expected to send Germany into recession in 2023
The rising cost of energy and the difficulties experienced by major portions of the industry as a result of supply chain issues are preparing the groundwork for Germany to enter a recession. The country is suffering what are being called…
Instead of fueling the fossil renaissance, Germany must accelerate energy transition
The "Zeitenwende" (turn of an age) that has been brought on by Russia's conflict with Ukraine necessitates that the German government rapidly scale up its efforts to transition away from fossil fuels and toward renewable energy. Despite the fact that…
Germany to continue using coal and gas in power plants beyond 2030
The expansion of renewable power generation in Germany is a "herculean challenge" that will likely take longer than anticipated, making an early end to gas and coal-fired power production extremely challenging. Germany will continue to rely on natural gas, adding…
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…