5 ms·

The link you're using is from 2022, which is an outlier in terms of energy production. The issue is that Germany exports "waste" electricity. It almost always

by pyrale 2y ago

The link you're using is from 2022, which is an outlier in terms of energy production. The issue is that Germany exports "waste" electricity. It almost always exports cheap power, and imports at high rates. In negative price events, you will almost always see Germany in the exporter list. For instance, today, France imported from Germany between 10:30 and 15:45, when market prices reached bottom, and exported to Germany when prices soared, including between 18h and 21h [1]. Another issue is that Germany's inability to control its power production is big enough that it can't be compensated by cross-border trades. That's what can be seen today between 18h and 21h [2], where the price spread between France and Germany became very large. This kind of pattern has been happening all week. [1]: https://www.rte-france.com/en/eco2mix/cross-border-electricity-trading https://www.rte-france.com/en/eco2mix/cross-border-electrici... [2]: https://www.rte-france.com/en/eco2mix/market-data https://www.rte-france.com/en/eco2mix/market-data

derriz 2y ago
The link provides 2022 imports and exports at the top of the page but if you scroll down includes balances going back to 1995. 2022 is not an outlier in this regard - on an aggregate basis Germany has been the biggest net exporter of electricity in the world over the last 20 years. Nothing "waste" about it, the imports and exports in the link are priced in USD, so if your thesis is true, then it would mean even bigger _volumes_ of electric exports.
- pyrale 2y ago
  > 2022 is not an outlier in this regard Yeah, 2022 was absolutely not an outlier in electricity production in Europe... > the imports and exports in the link are priced in USD, so if your thesis is true, then it would mean even bigger _volumes_ of electric exports. That is, indeed, true. Germany's export prices are noticeably lower than Germany's import prices for electricity [1]. That means Germany exports _a lot_ of cheap electricity when electricity is abundant, and requires some expensive electricity when it is not. From the pov of reliability of supply, it's not great. From the PoV of market participants, however, that's pretty good, of course. [1]: average export/import price, fig. 4 - https://www.ffe.de/en/publications/electricity-imports-to-germany-significantly-increased-in-the-summer-of-2023/ https://www.ffe.de/en/publications/electricity-imports-to-ge...

by pyrale 2y ago

derriz 2y ago

The link provides 2022 imports and exports at the top of the page but if you scroll down includes balances going back to 1995. 2022 is not an outlier in this regard - on an aggregate basis Germany has been the biggest net exporter of electricity in the world over the last 20 years. Nothing "waste" about it, the imports and exports in the link are priced in USD, so if your thesis is true, then it would mean even bigger _volumes_ of electric exports.

pyrale 2y ago
> 2022 is not an outlier in this regard Yeah, 2022 was absolutely not an outlier in electricity production in Europe... > the imports and exports in the link are priced in USD, so if your thesis is true, then it would mean even bigger _volumes_ of electric exports. That is, indeed, true. Germany's export prices are noticeably lower than Germany's import prices for electricity [1]. That means Germany exports _a lot_ of cheap electricity when electricity is abundant, and requires some expensive electricity when it is not. From the pov of reliability of supply, it's not great. From the PoV of market participants, however, that's pretty good, of course. [1]: average export/import price, fig. 4 - https://www.ffe.de/en/publications/electricity-imports-to-germany-significantly-increased-in-the-summer-of-2023/ https://www.ffe.de/en/publications/electricity-imports-to-ge...