In the past year, the most important North German network operator exceeded for the first time the billions in terms of the costs that were necessary to ensure grid stability. Tennet estimates the costs, which ultimately end up on the electricity bills of end consumers in Germany, at 1.03 billion euros. In 2017, it had also been close to one billion euros due to the windy weather. In 2016, the amount of 660 million euros was still significantly lower due to less wind. In 2015, Tennet reported 710 million euros. Together with the other network operators, the cost of network stabilization in 2017 was 1.4 billion euros. It can be assumed that this amount was not undercut in the past year either. It is therefore right and important that the German Minister for Economic Affairs and Energy, Peter Altmeier, wants to promote the development of power lines as quickly as possible.
Last Friday, the first German auction was held this year, in which 3,209,000 EUAs were auctioned at the EEX in Leipzig. A total of 15,122,500 EUAs were auctioned last week. Compared to the previous week, in which only the auctions of the EU were carried out and thus only 7,485,000 new EUAs came on the market, this was a doubling, which has put the prices of European emission rights under pressure. On a weekly basis, these lost 8.2% and closed at 21.80 euros on the spot market. There will be no Polish auction this week, which means that the auction volume will be lower again with a total of 10,694,000 EUA. The Polish auction always takes place every two weeks and usually includes 4,428,500 EUAs in a primary market auction.
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