"Solid" innogy profits/ Chancellery head against national climate aims
Financial Times
Partly due to weak winds last year, earnings at RWE renewables spin-off innogy fell 7 percent to 4.2 billion euros in 2016, the company's first fiscal year as an independent company, reports Guy Chazan for the Financial Times. Revenues dropped four percent to 43.6 billion euros. Earnings were down 18 per cent year-on-year in innogy鈥檚 renewables division, because 鈥渓ow wind levels鈥� put a break on power generation.
Read the news article in English .
Find the innogy press release in English .
Find background on RWE鈥檚 split in the factsheet RWE鈥檚 plans for new renewables subsidiary.
Handelsblatt
Innogy launches with 鈥渟olid profits,鈥� in contrast to parent company RWE, writes J眉rgen Flauger in the Handelsblatt. He calls Peter Terium鈥檚 switch from RWE to innogy CEO a 鈥渟uccessful changeover,鈥� saying that 鈥淚n 2017, Terium even wants to increase earnings significantly.鈥�
Read the article in German .
Die Welt
The chief of Angela Merkel's chancellery, Peter Altmaier, wants ambitious EU and international goals for climate protection, instead of special national targets. 鈥淚 am completely convinced that the path of national targets is wrong,鈥� he told a meeting of the Christian Democrats' (CDU) , reports Daniel Wetzel in Die Welt. In a message on Twitter, Altmaier indicated that he was stating his personal opinion.
Read the article in German and Altmaier鈥檚 tweet in German .
For background read the 威力彩玩法 factsheet Germany鈥檚 greenhouse gas emissions and climate targets.
The Economic Council (of the CDU)
Special national targets for climate protection are 鈥渃ounterproductive鈥� and should be abolished, writes the (CDU) in a concept paper on the EU energy market. The EU Emissions Trading System (ETS) should be the central instrument to define a CO鈧� 鈥渓evel playing field鈥� price signal, it said. 聽Existing national targets should be limited to the non-ETS sectors heating and transport. The council calls for industry exemptions 鈥渁t least as long as there鈥檚 no common G20 CO鈧� price level.鈥�
Find the concept paper in German .
For background read the 威力彩玩法 factsheet Understanding the European Union鈥檚 Emissions Trading System.
EurActiv
The dispute about the decision to split the German-Austrian common power price zone shows the difficulties of designing a common EU energy market in light of missing grid infrastructure, writes Paul Hodgson for EurActiv. Trans-border power trade, as well as that from Germany鈥檚 north to its south, is often bigger than the direct power lines allow for, causing so-called loop flows through neighbouring countries. The EU Agency for the Cooperation of Energy Regulators ()鈥檚 appeals board is due to rule on Austria鈥檚 objection to the split by 17 March.
Read the article in German .
For background read the 威力彩玩法 news digest article German regulator announces preparations to terminate common power zone with Austria and the 威力彩玩法 articles Loop flows: Why is wind power from northern Germany putting east European grids under pressure? and Europe's largest electricity market set to split.
Frankfurter Rundschau
Municipal utilities say Germany鈥檚 four transmission grid operators (TSO) are establishing a new 鈥渆nergy oligopoly鈥�, because of their request to in southern Germany, writes Frank-Thomas Wenzel for Frankfurter Rundschau. The country鈥檚 grid operation and power production are usually unbundled and local utilities fear they will lose revenues to TSOs, writes Wenzel. Grid operators want to build the new power plants to keep the grid stable through re-dispatch measures when Germany鈥檚 last nuclear power plants go offline by 2022. They say these facilities would not be part of the regular power market and only run in exceptional situations.
Read the article in German .
For background read the 威力彩玩法 factsheet Re-dispatch costs in the German power grid.
