Energiespeicherkraftwerk German Electric Power
In November 2023, the average price for 1 kWh in Germany was 45,73 cents. The price per kilowatt hour has been increasing consistently over the past decade. However, it reached new record highs due to the current energy crisis exacerbated by the war in Ukraine.
Where does Germany's electricity come from?
Germany's electrical grid is part of the Synchronous grid of Continental Europe. In 2020, due to COVID-19 conditions and strong winds, Germany produced 484 TW⋅h of electricity of which over 50% was from renewable energy sources, 24% from coal, and 12% from natural gas, this amounting to 36% from fossil fuel .
How much electricity did Germany generate in 2015?
Still, Germany’s seven remaining nuclear power plants with their 11GW capacity generated 92 terawatt hours (TWh) of electricity in 2015. Top: Gross electricity generation in Germany, terawatt hours (TWh), 1990-2015. Bottom: Shares of generation. The shares are calculated net of exports, which reached a record 50TWh in 2015.
How much renewable electricity is generated in Germany in 2024?
At 140 terawatt hours, more renewable electricity was generated in Germany in the first half of 2024 than ever before, accounting for 65% of net public electricity generation. Generation from fossil fuels continues to decline as do the electricity prices on the exchange.
Why is German electricity so important?
Due to its central location in Europe, Germany is highly interconnected to its neighbors, importing and exporting electricity from eleven other countries. The German electricity system is undergoing a profound change from a formerly coal and nuclear power dominated country to one depending solely on renewable energies.
Why is Germany a net electricity exporter?
Historically, the German electricity system has been a net electricity exporter, providing more electricity to its neighbors than it imports. This has been especially relevant in 2022 when France suffered from several unscheduled maintenance periods for its nuclear reactors.
How is Germany transforming the energy system?
In addition to the complexity of transforming the German electricity system, climate-related targets and policies have been tightened substantially. The newest amendment of the Renewable Energy Sources law requires renewable energy sources to cover at least 80% of the annual electricity consumption in 2030.