Blog Posts on European grid
What is the Electricity Balancing Guideline (EBGL)? Definition The Electricity Balancing Guideline (EBGL) was created by the European Commission to establish and regulate the smooth exchange of balancing energy across the internal borders of the European Union. This guideline, which came into force as Regulation 2017/2195, sets the framework for the stabilization of the electricity More…
Since the beginning of the corona crisis, negative power prices have become quite common for electricity traders: In this blog, we explain how negative electricity prices develop and what is positive about them.
What are Balancing Services? Definition Balancing Services are reactive short-term means to level out frequency deviations in the power grid. Balancing Services (sometimes also called control reserve) is one out of many ancillary services that system operators have to provide a secure power supply. Balancing Services include Balancing Energy and Balancing Capacity . Balancing Energy More…
For weeks now, Germany and its European neighbors have had a peak season for wind power. The winter storms Sabine (also known as Ciara or Elsa), Victoria (known as Dennis in UK) and Yulia brought new records - most recently the unprecedented peak value of 46.2 gigawatts (GW). Renewables accounted for 69 percent of net electricity production in the third week of February, with wind accounting for 55 percent. Never before has so much wind power been fed into the German power grid. Are these figures the result of extreme weather conditions, which simply brought us an extraordinary number of storms this winter, or is there a general trend here? And how does the German energy system actually cope with these record values?
How will the market value of electricity from photovoltaics develop over the next few years? In our blog we explain the results of a fundamental study by r2b energy consulting on the market value of photovoltaics in the coming years.
Due to a faulty data package, the European electricity exchange EPEX in Paris decoupled the European electricity market on June 7, 2019. This caused a great deal of excitement on the markets. Johannes Päffgen, Head of Energy Trading at Next Kraftwerke, explains the causes and consequences in an interview.
In the German language, there is a word that refers to the fear of having inadequate sunshine or wind to maintain a viable supply of renewable energy: dunkelflaute. The dramatic connotation of the word may be lost a bit in translation, but essentially, dunkelflaute means “a dark lull".