We are increasing the number of hours with negative energy prices. Should I welcome this, or is this the beginning of some kind of system breakdown?
Low energy prices driven by RES generation are pushing coal plants out of the market and they will close earlier than planned. What will be the consequences? Is that a plus or a minus?
Projected sales of electric cars are not materializing, carmakers are rethinking plans to move away from internal combustion engines. Is this a sign of an ill-considered strategy, or has the customer simply decided and the market is sending a signal that it must be taken into account?
We have applications to reserve capacity for about 16 GWp of PV plants. If (theoretically) all of them are implemented, they will run in parallel in summer (logically when it is sunny), they will have production and about twice the summer consumption. So will they be disconnecting? As an investor, you will therefore observe the plant being disconnected at the time of its highest generation potential.
Whenever I don’t know, I try to step back, get out of the operative, gain perspective, and review the basic principles of operation.
So these are my principles of how I look at the operation of the energy sector:
- The energy sector is a long run.
- Energy is an industry that is very much bound by the laws of physics, which limit it to a large extent.
- Energy has an economic impact on a country’s economy comparable to tax rates or the discount rate.
- The energy sector has a considerable political charge.
But to be clear! I believe that it is now the duty of each generation to minimize the burden on nature by its activities and to pass on nature to the next generation in a better condition than it took over from the previous generation.
I am convinced that the developed countries must set an example, regardless of the fact that the rest of the world is behaving differently for the time being.
I am convinced that nothing major will happen to us if we give up some of our unnecessary consumption and invest the savings in fulfilling the obligations I described in the first sentence.
And I don’t really care what political marketing acronym the above is hidden under. Whether it’s Green Deal, Fit for 55 or whatever.
And I am also convinced of the need for traditional energy and new energy to coexist. It’s not that the result will be 10:0 or 0:10, it’s not about the match, it’s about coexistence, complementing each other.
Next time I will continue on the theme of “Energy is a long run.”
Vladimír Hlavinka, owner of ORGREZ Group and founder of ORGREZ ECO