German Electricity Market in 2017 – records for battery storage and redispatch

TenneT published its market report for Germany and the Netherlands and provides some very interesting insights:  While wholesale prices increased, power plant operators were facing decreasing revenues close or below zero. The first tenders for renewable generation reached low subsidy-levels below 7€cent/kWh and the market utility-scale battery storage seemed to take-off, but remains a rather small market for now. Redispatch in Germany reached a new record, which lead to costs of more than 1 billion for TenneT alone.

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