Christian Driessen

“Renewable energies accounted for more than half of electricity consumption in every month of this year, ranging between 53 and 59%,” the lobby group said, citing preliminary calculations made together with the German thinktank ZSW.

(Montel) GWh week 40 % wk 40 % wk 39 % wk 38 Valais Graubünden

Baseload for Tuesday was last seen in a bid-ask range of EUR 90-97.50/MWh on the EEX, compared with the prior settlement of EUR 83.72/MWh.

The company left its forward sales ratio for 2025 German power generation unchanged from the previous quarter at 75%, while the achieved price increased by EUR 1 to EUR 124/MWh.

“The security of supply is ensured and was never at any time in danger,” the spokesperson told Montel late on Thursday. Conventional power plants and renewables, together with imports from other European countries, would be able to cover demand at all times, he added. His comments come after analysts voiced

The BNA expected conventional capacity to grow by almost 2.7 GW, with the majority to take place in 2026, when new gas-fired capacities of around 1.5 GW should begin operation, according to BNA data.

German day-ahead hourly prices soared to an 18-year high of EUR 936.28/MWh in today's auction as wind generation levels were expected to dip well below the seasonal norm.

(Montel) Austrian oil and gas major OMV has terminated a long-term supply contract with Gazprom Export with immediate effect, citing alleged violations

(Montel) The energy ministry's biggest priority is the security of German power supply and the country's coal exit cannot happen without sufficient back-up capacity, Germany's energy minister Robert Habeck said on Friday.

(Montel) No more power plants will be shut down in Germany without alternative sources in place, CDU chancellor candidate Friedrich Merz said at a party event on Saturday.