German Industry Risks New Setback From Power Pricing Overhaul

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German Industry Risks New Setback From Power Pricing Overhaul

(Bloomberg) — When the weather in Germany is overcast and calm, the windmills and solar plants don’t send any power to the grid. Instead, they send shockwaves through the markets. One such “Dunkelflaute” day in mid-December saw spot power prices climb to more than €900 ($939) per megawatt-hour – nine times above average. That’s even higher than the increases in 2022, when the nation lost access to Russian pipeline gas after the invasion of Ukrai…

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German industrial supremacy threatened by sunny south and windy north

Regions with abundant renewable energy are forecast to have structurally cheaper electricity – and a big competitive advantage in an electrified world

finanzmarktwelt.de

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400 industrial companies are to adapt their processes to the real-time supply of wind and solar power, according to the Federal Network Agency. The post German industry is threatening new blows due to electricity price reform appeared first on financemarktwelt.de.