German Government wants stable renewable energy expansion paths after all
"Following the announcement by the Parliamentary Secretary of State for Economic Affairs about the departure from long-term targets for the expansion of renewable energies, the ministry has now clarified that here will continue to be clear multi-year expansion plans. Johanna Schiele from Aurora Energy Research, said: "From an economic perspective, we support today's clarification by the German government. Planning in security for the expansion path of renewable energies, especially on the part of the legislator, is essential for keeping the costs of the energy transition within reasonable limits. Achieving the [coalition’s] 65 percent target based on ad-hoc decisions regarding additions would very likely increase capital and financing costs for renewable investments exposed to market risks. A market-driven expansion would thus move even further into the future”."
German power prices could jump by more than a fifth by 2025
"German forward electricity prices could increase to 51 euros ($59.44) per megawatt-hour (MWh) by 2025, from 42 euros in 2018, requiring traders and consumers to adjust to higher costs and volatility, an independent study predicted. The increases would be driven by higher fuels and carbon input prices, the decommissioning of nuclear plants by 2022 and phasing out of coal-fired power, said Aurora Energy Research. "The (power supply) system will become tighter and this will result in higher prices," said Hanns Koenig, lead author of Aurora's latest German Power Market Forecast. Koenig said the short-term picture was realistic because prices up to 2020 were subject to factors that largely cancelled each other out."
Cool down nuclear plan because renewables are better bet, ministers told
"Separate research commissioned by the National Infrastructure Commission and published on Tuesday found that nuclear and renewables could meet climate targets for comparable costs. Aurora Energy Research concluded that, regardless of which technology was pursued, the power sector would have to reach zero emissions by 2050 to hit legally binding carbon goals. (Aurora's power sector modelling for the National Infrastructure Assessment is available here: www.auroraer.com/insight)"
Scottish Power owner: ditch ‘moonshot’ green technologies
"New research has found that the UK government’s stance of blocking support for onshore windfarms and solar, and only backing offshore windfarms, will be more expensive and result in higher carbon emissions. Analysts at Aurora Energy Research said that subsidising a mix of the three sources would be £210m-£330m cheaper than solely pursuing offshore wind farms. Lord Deben, chair of the government’s statutory climate advisers, the Committee on Climate Change, criticised the exclusion of onshore windfarms."