Renewable-Energy-Industry.com

Business World of Renewable Energy

Fotolia 73444491 XL 1280 256

Press release

Power export: Germany achieves record income

Muenster - In 2013, the German power sector earned more than ever before from the export of electricity. Last year, Germany exported electricity worth € 3.76 billion to neighbouring countries. At the same time, € 1.81 billion worth of electricity was imported, according to the IWR, a renewable energy institute located in Muenster, Germany. The information is based on data from the Federal Statistical Office. Overall, Germany achieved a record € 1.95 billion net export surplus. The energy companies purchased imported electricity for an average of 4.9 cents (ct) per kilowatt hour (kWh), while at 5.2 ct/kWh on average power exports brought in revenues that were far higher.

Moreover, the prices achieved with the export of electricity were significantly above the exchange power prices on the spot and futures markets. On the spot market, which also trade energy obtained from renewable energy sources, purchasers of electricity paid an average of 3.78 ct/kWh. \"It can at least be suspected that in some cases the power based on the Renewable Energy Act in Germany (EEG) paid by the consumer was purchased by traders on the exchange at a lower price and sold abroad with considerable margins\", said IWR-Director Dr. Norbert Allnoch in Muenster. \"However, this cannot be proven, since the legislator has stipulated that green EEG-power can currently be marketed on the energy exchange neutrally with respect to its origin, i.e. without being designated as such\", added Dr. Allnoch.


Muenster, 17 July 2014


Publication and Reprint free of charge; please send a voucher copy to
the International Economic Platform for Renewable Energies (IWR).

Attention editorial offices: For further questions please contact Mr.
Dr. Norbert Allnoch, International Economic Platform for Renewable
Energies (IWR).

Soester Str. 13
48155 Muenster, Germany

Phone: +49 (0)251 / 23 94 6-0
Fax: +49 (0)251 / 23 946-10
Email: mailto:info@iwr-institut.de
Internet: http://www.iwr-institute.com




Press release from the Renewable Energy Industry delivered by Renewable Press
Please note: The emittent / publisher »DE205640004« is responsible for all contents.

 


Companies