Germany – Coal generation at low during Q2 2024
Germany's electricity generation decreased by 1.2% in Q2 2024, with renewables hitting a record high of 65.3%. Hydropower surged due to heavy rainfall, while wholesale prices dropped by 26.9%. Germany was a net importer, trading electricity with neighboring countries.
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In the second quarter of 2024, Germany experienced a decrease in total electricity generation by 1.2%, while consumption increased by 1%. Renewables generated 8.8% more electricity compared to the previous year, reaching a record high of 65.3% of total generation. Notably, hydropower saw a significant increase due to heavy rainfall. Solar power, onshore wind, and offshore wind also reached record highs in generation. Conventional energy sources' share decreased to 34.7%, with notable drops in lignite and hard coal generation. Wholesale prices fell by 26.9% compared to the previous year. Germany was a net importer of electricity, importing 18.4% more than in the same quarter of 2023. The country exported most electricity to Austria, Poland, and Czechia, while importing the most from France, Denmark, and Switzerland. The European internal electricity market played a crucial role in balancing supply and demand, showcasing the benefits of market coupling for consumers and the environment.
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