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Renewable energy rise driving changes in European wholesale power market
http://www.timesofmalta.com/articles/view/20160304/business-news/Renewable-energy-rise-driving-changes-in-European-wholesale-power-mark.604538[font face=Serif]Friday, March 4, 2016, 00:01 by Reuters
[font size=5]Renewable energy rise driving changes in European wholesale power market[/font]
[font size=3]Short-term deals are growing in Europe’s wholesale power market as a surge in renewables requires traders to ensure that volatile wind and solar energy meets demand at all times.
The EU is pushing towards clean energy sources, whose output follows weather patterns and is hence unpredictable.
This means more sales and purchases of power occur nearer the time of consumption, because electricity cannot yet be stored in large volumes and grids must keep a stable voltage to uphold supply security.
“The power market is becoming more short-term,” said Alexander Kox, head of power trading at utility group Trianel, which markets some three gigawatts of green power capacity.
...[/font][/font]
[font size=5]Renewable energy rise driving changes in European wholesale power market[/font]
[font size=3]Short-term deals are growing in Europe’s wholesale power market as a surge in renewables requires traders to ensure that volatile wind and solar energy meets demand at all times.
The EU is pushing towards clean energy sources, whose output follows weather patterns and is hence unpredictable.
This means more sales and purchases of power occur nearer the time of consumption, because electricity cannot yet be stored in large volumes and grids must keep a stable voltage to uphold supply security.
“The power market is becoming more short-term,” said Alexander Kox, head of power trading at utility group Trianel, which markets some three gigawatts of green power capacity.
...[/font][/font]
