Achieving global & national climate targets.
The expansion of renewable energies in Germany is central to achieving global and national climate targets. Increasingly renewable electricity generation is the basis for the decarbonisation of the heating market and the transport sector. In the future, energy supply for industry and aviation can also become climate-neutral through the generation of hydrogen and electricity-based energy sources.
Renewable energies in Germany
By now, renewable energies like hydropower, wind energy, photovoltaics, solar and geothermal energy as well as the use of biomass are highly developed and widespread. Technological advances and economies of scale have reduced generation costs: For example, ground-mounted solar and wind power plants have no cost disadvantages compared to fossil power plants. In 2019, renewable energies covered 42.1 percent of electricity consumption in Germany. In other sectors, the use of renewable energies was less advanced: In the heating market, the share of renewable energies was 14.5 percent, in transport 5.6 percent.
Securing the power supply
The transformation of the energy system towards the exclusive use of renewable energies is a major challenge. To secure electricity supply, the future energy system must connect millions of electricity producers, storage facilities and consumers across national borders and react flexibly to different weather situations and demands.
Electricity & Renewable Energies: A selection of our services
Electricity Market Forecasting
We have many years of experience in electricity market forecasting, market design, renewable energy integration, networks and new consumers.
Development & Evaluation of Energy Policy Instruments
We evaluate and further develop energy policy instruments and measures (e.g. Renewable Energy, WindSeeG, KWKG, BEHG, hydrogen strategy, sector coupling, PtX, coal phase-out, expansion of renewable energies) with a focus on economic costs, feasibility, CO2 and greenhouse gas emissions, supply security and electricity prices.
Market Scenarios & Modelling
We offer electricity market scenarios and electricity network modelling based on the Prognos electricity market model and answer key questions related to the future development of the electricity system with regard to electricity generation, CO2 and greenhouse gas emissions, export balance, power plant park, expansion and market integration of renewable energies
Electricity Price Forecasts
We provide electricity price forecasts for wholesale electricity prices (base load, peak load, hourly electricity prices) as well as for end-user electricity prices for different consumption cases (private households, trade, industry).
We perform profitability analyses for assets (wind onshore, wind offshore, photovoltaics, hydroelectric power plants, gas power plants, CHP plants, renewable heat generation, heat supply concepts), mergers and acquisitions (M&A) as well as the calculation of market value factors of renewable energies and contribution margins.
Studies & Expert Opinions
We prepare studies and expert opinions on energy-related topics (security of supply, market design, energy prices, energy and employment, etc.).
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Your contact at Prognos
Prognos – Providing Orientation.
Prognos is one of the oldest economic research centres in Europe. Founded at the University of Basel, Prognos experts have been conducting research for a wide range of clients from the public and private sectors since 1959 – politically independent, scientifically sound.Learn more