Germany’s worldwide electrical energy commerce deficit was at 2.29 billion euros ($2.49 billion) final yr, pushed by the closure of its final nuclear energy plant and imports of cheaper overseas energy, Augsburger Allgemeine newspaper reported on Monday.
Germany imported electrical energy at a complete price of 5.7 billion euros in 2023, offset by export revenues of three.5 billion euros, pushing Europe’s largest financial system right into a adverse electrical energy commerce steadiness for the primary time in years, the newspaper reported, citing knowledge by the Federal Network Agency.
The company stated that in 2023, 54 terawatts, or round 11% of complete German electrical energy consumption, had been imported, whereas exports amounted to 42 terawatts.
An increase in wholesale electrical energy imports from neighboring international locations lowered German shopper energy costs, the company stated, including that Germany had adequate technology capability to cowl its wants.
“If electricity was imported, it was because the electricity was cheaper abroad,” a spokesperson for the company informed Augsburger Allgemeine.
Germany pulled the plug on its final three nuclear energy stations final March, ending a six-decade program, as Berlin enacts its plan for totally renewable electrical energy technology by 2035.
The bounce in electrical energy imports additionally helped slash German coal-fired energy technology and greenhouse emissions final yr, placing the nation on monitor to achieve its 2030 local weather targets of slicing emissions by 65% in contrast with 1990 and changing into carbon impartial by 2045.
Source: www.dailysabah.com