Exploring Battery Storage's Importance in Germany's Capacity Market
Tuesday, 30 July 2024, 09:44
The Capacity Market Debate in Germany
In Germany, there is an ongoing discussion about the necessity and impact of a capacity market. Various organizations, including the German Renewable Energy Association, have voiced their opposition to it.
The Stance of Industry Groups
Recent statements from the German New Energy Industry Association, the DIHK, and the EEX energy exchange have reinforced the viewpoint that Germany does not require a power plant subsidy program.
Expert Insights on Battery Storage
- Battery storage can play a vital role in a capacity market.
- Four experts share recommendations on improving market design.
- A focus on avoiding mismanagement, wrong incentives, and costs is essential.
Conclusion
Integrating battery storage into the capacity market could create better alignment of incentives and enhance efficiency.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.