Reuters
Summary
FRANKFURT (Reuters) - German power companies see a potential gap between conventional electricity supply and demand by the early 2020s, urging policymakers to help investors plan better by rewarding conventional capacity and speeding power grid expansion.
“Existing overcapacity will not just disappear completely within a few years. What’s more worrying is that we will run into undersupply of secure capacity by 2023 with our eyes open,” said Stefan Kapferer, managing director of the German energy industry association BDEW.
Germany, Europe’s largest economy, could retire 18,600 megawatts (MW) of electricity capacity by 2023 while adding about 4,400 MW, the group said.
While conventional fossil fuels capacity could fall to 75,300 MW by that stage, the energy regulator works on the assumption that maximum power demand could reach 81,800 MW, risking problems because power cannot be stored to a large extent.
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