Een aantal cijfers om een beter zicht te krijgen op de huidige situatie en de evolutie van de Europese energieproductie. Merk het relatief kleine aandeel van gas waarbij Russisch gas niet meer dan een derde uitmaakte.
Merk ook de daling van 4 procent in de totale energieproductie ten opzichte van 2021.
Merk het sterker stijgende aandeel van zonneenergie in vergelijking met andere energievormen.
Andere conclusies zijn ook te trekken...
Citaat:
The European energy industry results in 2022
??Nuclear power plants
Electricity generation decreased from 697.75 TWh in 2021 to 579 TWh in 2022. The share of nuclear power plants in electricity generation dropped from 27.3% to 23.6%.
??Gas power plants
Generation increased from 432.04 TWh to 435.62 TWh (from 16.91% to 17.77%). The power generation industry is the only one in the European Union that slightly increased demand for gas in the past year.
??Coal power plants
Increased generation from 399.27 TWh in 2021 to impressive 423.38 TWh (from 15.63% to 17.28%).
??Renewable Energy Sources (RES)
Solar power plants increased generation from 134.21 TWh to 166.66 TWh (from 5.3% to 6.8%).
For wind farms, the past year was quite successful. Generation increased from 367.79 TWh to 394.01 TWh (from 14.4% to 16.8%).
The recent decline in the hydropower segment led to a drop in RES generation from 930.68 TWh to 922.29 TWh. That was a result of extremely hot summer. But its share increased from 36.4% to 37.6%.
????What about total EU power generation?
In 2021 EU power plants generated 2554.62 TWh, while in 2022 - 2451.28 TWh. We see a 4% reduction. This it the worst result since 2015.
As we see European authorities are not going to take adequate measures to save EU industry. It looks like an attempt to use different subsidies to curb retail energy price hike for individual households at the expense of industry. Social stability is definitely a priority for EU officials. But reducing industrial production will hurt exactly the social stability in the long run. If no timely action will be taken in the coming months, by the end of 2023 we’ll see EU power generation at the levels of 2015 or even lower.
????2023 Outlook
In 2023, Germany is going to close the last four nuclear power plants. So there will be a 6.67% drop in power generation. Most likely it will be replaced with gas and (surprisingly) coal generation. Given that about half of the French nuclear reactor fleet in still out of service due to maintenance it’s very hard to evaluate how much France will contribute to European energy balance. The European hydropower is also at risk due to weather uncertainty, that have been clearly demonstrated last summer. Weather conditions also rise questions on water availability in Europe. The same is true about wind generation. As we see December fluctuations in wind generation may vary from 7% to 30% of total generation.
The focus in EU power generation is shifting from reliable long-term fossil or nuclear energy sources towards less stable RES, and spot-price fossil sources. In such situation the only thing we can be sure of is market volatility, that can dramatically influence both wholesale and retail energy prices in Europe.
#Europe #energy #analytics
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