Germany's 2023 Electricity Market: Renewables Surge, Conventional Sources Decline
The figures, sourced from the SMARD electricity market data platform, highlight significant shifts in generation sources, wholesale prices, and cross-border electricity trade.
January 08, 2024. By Abha Rustagi
The figures, sourced from the SMARD electricity market data platform, highlight significant shifts in generation sources, wholesale prices, and cross-border electricity trade.
In 2023, the share of grid load powered by renewable sources reached 55.0 percent, marking a notable increase from 48.42 percent in the previous year. Wind farms, particularly onshore installations, emerged as the primary contributors, accounting for 31.1 percent of the total.
Solar and biomass contributed 12.1 percent and 8.4 percent, respectively, while hydropower and other renewables made up the remaining 3.4 percent. The overall generation from renewable sources increased by 7.5 percent to 251.2 TWh, with onshore wind experiencing an 18.0 percent surge.
Conversely, generation from conventional sources witnessed a substantial decrease, totaling 197.2 TWh—a 24.0 percent drop from 2022. Notably, electricity produced from hard coal and lignite plummeted by 36.8 percent and 24.8 percent, respectively. The use of natural gas for electricity generation, however, increased by 31.3 percent, despite global events such as the war in Ukraine.
The grid load decreased by 5.3 percent in 2023, totaling 456.8 TWh, while electricity generation (net) fell by 9.1 percent to 448.5 TWh. These shifts reflect both the changing energy mix and the overall decrease in demand.
Germany is engaged in robust cross-border electricity trade, importing 54.1 TWh (up 63.0 percent) and exporting 42.4 TWh (down 24.7 percent) compared to 2022.
The intricate interplay between supply and demand across Europe contributes to economic considerations for electricity trading, reflecting the interconnected nature of the European internal market and its impact on prices and carbon emissions.
please contact: contact@energetica-india.net.
Kamalakannan Thiruvadi
Regional Executive, South Asia
Digital Twins and Smart Grids: Bentley’s Vision for Efficient Energy Sector in India
Damien Etienne
Co-Founder and CTO
Avalon ST's Nexun Neo: Affordable A++ LED Solar Simulators for India’s Solar Growth
Nehal Gupta
Managing Director
AMU Drives Clean Energy Transition with Tailored EV Financing Solutions
Maurits van Tol
CEO - Catalyst Technologies
Driving Net Zero: How Johnson Matthey is Pioneering Sustainable Solutions Worldwide
Sharat Goyal
Founder
Impact Infracap Bridges Market Gaps for Key Renewable Energy Components