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  • bluecheese4u bluecheese4u Jan 18, 2013 12:12 AM Flag

    Rising Solar Energy Output Drives German & French Power Prices To Record Lows

    Rising Solar Energy Output Drives German & French Power Prices To Record Lows

    January 17, 2013Andrew

    Renewable energy critics and opponents continue to zoom in on the intermittent nature of solar and wind energy in their efforts to undermine and derail the transition away from centralized, mass production of energy based on burning fossil fuels.
    Even at this early stage of a much belated evolutionary process, empirical evidence and ongoing technological advances, as well as pro clean energy and sustainable development polices and market developments, highlight the fallacy of their arguments.
    Observed evidence (two examples here and here) indicates that coupled with adequate grid infrastructure and energy policy reform, solar and wind power generation — on and off-grid — can reduce carbon and greenhouse gas emissions and enhance the security and resiliency of power supplies without putting an excessive burden on consumers.
    Not only does this benefit the environment and the health, well-being, and opportunities of current and future generations, it’s also generating thousands of jobs and billions of dollars of investment and tax revenue each year.

    Renewable Energy & Clean-Tech Paves the Pathway

    Among developed countries, sunny Germany’s been at the forefront of the global drive towards building low-carbon societies based on clean, renewable energy resources, such as solar and wind energy.
    Private sector and government actions and policies that all but brought down the banking and financial system caused global recessions, led to wars, conflicts, growing inequality, and a pervasive sense of uncertainty and fear in the US.
    In contrast, federal government actions and energy policy reform in Germany have created an environment and conditions that have diversified, expanded, and made Germany’s economy more dynamic, robust and resilient, driving employment to record-high levels and improving social and environmental conditions.
    No doubt Germany is struggling to overcome obstacles and resistance to Premier Angela Merkel’s plan to eliminate reliance on nuclear power by building out solar and wind power generation capacity as replacements. This shouldn’t come as a surprise to anyone who cares to familiarize themselves with such revolutionary challenges. In fact, they make Germany’s success in this regard all the more remarkable.
    Just yesterday, Bloomberg reported that contracts to deliver electricity for 2014 in Germany and France dropped to record-low levels. The reason? “Rising solar output is expected to cut demand for other electricity sources.”
    Paraphrasing a research note from Per Lekander – an analyst at UBS’s Paris office — “As much as 18 percent of electricity demand may be replaced by solar panels not connected to Germany’s grid, reducing demand for other sources by 6 to 10 percent by 2020.”
    “The unsubsidized solar growth should drive wholesale power prices further down,” Lekander added.
    The availability of electricity generation capacity in Germany is expected to rise, with national electricity production forecast to increase to 64,200 megawatts (MW) on January 21 from 63,600 MW today, according to data from the European Energy Exchange’s Transparency Platform.

    sDOTtt/1yCto

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    • German Power Tumbles to Record Low as Solar Damps Demand

      By Julia Mengewein - Jan 16, 2013 10:44 AM MT
      0 Comments

      Power for 2014 delivery in Germany and France dropped to records as rising solar output is expected to cut demand for other electricity sources.

      German power, a European benchmark, fell as much as 1.5 percent, according to broker data compiled by Bloomberg. The equivalent French contract declined 0.3 percent.

      Electricity for Germany next year lost 65 cents to 43.30 euros ($57.93) a megawatt-hour, it’s biggest decline since March 6, according to broker data compiled by Bloomberg. The French equivalent lost 15 cents to 46.20 euros.

      As much as 18 percent of electricity demand may be replaced by solar panels not connected to Germany’s grid, reducing demand for other sources by 6 to 10 percent by 2020, Per Lekander, a Paris-based analyst at UBS AG (UBSN), said in a research note.

      “The unsubsidized solar growth should drive wholesale power prices further down,” he said.

      European power demand was unchanged in 2012 and will decline 0.7 percent this year on a “still weak economic outlook,” Paolo Coghe, a Paris-based analyst at Societe Generale SA (GLE), said in an e-mailed note. While the bank’s model represents 63 percent of European Union demand, it doesn’t include Germany.

      In France, Electricite de France SA has an unplanned shutdown at its 1,495-megawatt Civaux-1 nuclear reactor, the company said on its website. In Germany, RWE AG will resume output at its 634-megawatt Weisweiler-G lignite plant later tonight after halting the unit Jan. 14 on a boiler fault, according to the company’s website.

      Generation availability in Germany is expected to rise. The nation’s power output is forecast to climb to 64,200 megawatts on Jan. 21 from 63,600 megawatts today, European Energy Exchange AG said on its transparency website. In France, nuclear production will stay unchanged at 58,900 megawatts until Jan. 21, according to data from grid operator RTE.

      bloombergDOTcom/news/2013-01-16/european-power-for-february-rises-on-freezing-weather-forecasts.html

 
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