THE GERMAN POWER INDUSTRY UNDER CONDITIONS OF ENERGY CRISIS: THE PRICE OF RELIABILITY. PART 2
The first part of the paper includes a discussion on the impact the energy crisis had on the German power industry and what measures the government has taken to ensure a reliable energy supply. Reliability, efficiency and sustainability make up the «Triangle of Aims» of the energy policy of a cou...
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| Format: | Article |
| Language: | Russian |
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Institute of Europe Russian Academy of Sciences
2023-06-01
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| Series: | Научно-аналитический вестник Института Европы РАН |
| Subjects: | |
| Online Access: | http://vestnikieran.instituteofeurope.ru/images/3-2023/Meden32023.pdf |
| _version_ | 1797665746864570368 |
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| author | Nataliya K. Meden |
| author_facet | Nataliya K. Meden |
| author_sort | Nataliya K. Meden |
| collection | DOAJ |
| description | The first part of the paper includes a discussion on the impact the energy crisis had on the
German power industry and what measures the government has taken to ensure a reliable energy
supply. Reliability, efficiency and sustainability make up the «Triangle of Aims» of the energy policy
of a country. The second half of the paper is dedicated to the measures that the federal government
took during the acute phase of the energy crisis in terms of the second aim. We discuss three main
aspects. Firstly, we show the changes in the structure of pricing for two categories of consumers:
householders and non-household consumers. Secondly, we demonstrate the formation of the price
on the electricity spot market. Lastly, we elaborate on the ways the government could influence the
level of prices and to what extent these possibilities have been used in accordance with the rules of
the European Union. The crisis showed the readiness of the government to take costly measures
such as zeroing the taxes that are due under the Renewable Energy Act, giving a lump sum payment
to the employed, the students and the pensioners, refusing to increase the cost of CO2 emission certificates, providing business benefits and subsidies and enforcing a gas and electricity price brake.
For the period after the end of the «price brake», the government is considering subsidizing prices
for export-oriented production that implements the climate goals. These plans confirm the existence
of the «shadow budget» that was formed for overcoming the consequences of the pandemic. |
| first_indexed | 2024-03-11T19:48:18Z |
| format | Article |
| id | doaj.art-40013c4a276344caab32a7030b87b946 |
| institution | Directory Open Access Journal |
| issn | 2618-7914 |
| language | Russian |
| last_indexed | 2024-03-11T19:48:18Z |
| publishDate | 2023-06-01 |
| publisher | Institute of Europe Russian Academy of Sciences |
| record_format | Article |
| series | Научно-аналитический вестник Института Европы РАН |
| spelling | doaj.art-40013c4a276344caab32a7030b87b9462023-10-05T14:26:56ZrusInstitute of Europe Russian Academy of SciencesНаучно-аналитический вестник Института Европы РАН2618-79142023-06-01№ 33395110http://dx.doi.org/10.15211/vestnikieran3202395110THE GERMAN POWER INDUSTRY UNDER CONDITIONS OF ENERGY CRISIS: THE PRICE OF RELIABILITY. PART 2Nataliya K. Meden0https://orcid.org/0009-0003-4859-5402MGIMO University, Moscow, RussiaThe first part of the paper includes a discussion on the impact the energy crisis had on the German power industry and what measures the government has taken to ensure a reliable energy supply. Reliability, efficiency and sustainability make up the «Triangle of Aims» of the energy policy of a country. The second half of the paper is dedicated to the measures that the federal government took during the acute phase of the energy crisis in terms of the second aim. We discuss three main aspects. Firstly, we show the changes in the structure of pricing for two categories of consumers: householders and non-household consumers. Secondly, we demonstrate the formation of the price on the electricity spot market. Lastly, we elaborate on the ways the government could influence the level of prices and to what extent these possibilities have been used in accordance with the rules of the European Union. The crisis showed the readiness of the government to take costly measures such as zeroing the taxes that are due under the Renewable Energy Act, giving a lump sum payment to the employed, the students and the pensioners, refusing to increase the cost of CO2 emission certificates, providing business benefits and subsidies and enforcing a gas and electricity price brake. For the period after the end of the «price brake», the government is considering subsidizing prices for export-oriented production that implements the climate goals. These plans confirm the existence of the «shadow budget» that was formed for overcoming the consequences of the pandemic.http://vestnikieran.instituteofeurope.ru/images/3-2023/Meden32023.pdfgermanyenergy crisiselectricity pricepricing principlesprice structure for electricitysupport of energy-intensive enterprisestaxes on electricity coststhird bailout packageeuropean union emissions trading systemnational emissions trading systemelectricity price brake |
| spellingShingle | Nataliya K. Meden THE GERMAN POWER INDUSTRY UNDER CONDITIONS OF ENERGY CRISIS: THE PRICE OF RELIABILITY. PART 2 Научно-аналитический вестник Института Европы РАН germany energy crisis electricity price pricing principles price structure for electricity support of energy-intensive enterprises taxes on electricity costs third bailout package european union emissions trading system national emissions trading system electricity price brake |
| title | THE GERMAN POWER INDUSTRY UNDER CONDITIONS OF ENERGY CRISIS: THE PRICE OF RELIABILITY. PART 2 |
| title_full | THE GERMAN POWER INDUSTRY UNDER CONDITIONS OF ENERGY CRISIS: THE PRICE OF RELIABILITY. PART 2 |
| title_fullStr | THE GERMAN POWER INDUSTRY UNDER CONDITIONS OF ENERGY CRISIS: THE PRICE OF RELIABILITY. PART 2 |
| title_full_unstemmed | THE GERMAN POWER INDUSTRY UNDER CONDITIONS OF ENERGY CRISIS: THE PRICE OF RELIABILITY. PART 2 |
| title_short | THE GERMAN POWER INDUSTRY UNDER CONDITIONS OF ENERGY CRISIS: THE PRICE OF RELIABILITY. PART 2 |
| title_sort | german power industry under conditions of energy crisis the price of reliability part 2 |
| topic | germany energy crisis electricity price pricing principles price structure for electricity support of energy-intensive enterprises taxes on electricity costs third bailout package european union emissions trading system national emissions trading system electricity price brake |
| url | http://vestnikieran.instituteofeurope.ru/images/3-2023/Meden32023.pdf |
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