TLDR: Network charges need to be reformed because they are not set up for a world with many renewable energy generators. However, no major changes will be introduced before the REMA process concludes.
The Watson Farley & Williams (WFW) spotlight series of events highlight one country at each event, and the panellists discuss the status of the renewable market in that country at a high level.
Germany was one of the first European markets to support renewable energy projects but still heavily depends on coal and lignite for power generation. Last year, the remaining nuclear plants were switched off, and the government is committed to phasing out coal and lignite by 2030 as part of the energy transition.
The Department for Energy Security and Net Zero (DESNZ) wants to design a new policy framework to support these types of projects and has launched a new consultation process on 9 January 2024.
Market participants have until 5 March 2024 to give their feedback on the proposals.
When most people talk about inflation, they talk about how the prices for certain goods seem to be increasing over time, i.e. things get more and more expensive.
But this is not what economists and bankers mean when they talk about inflation. For them, inflation is the reduction of the purchasing power of a single unit of currency. I know that sounds complicated so let me explain it with an example:
