The erratic supply of sustainable energy characterizes the market for sustainable energy in this corona year. This is also evident in the last month of the year.
The first half of the month was cold, foggy and therefore windless, so that the production of wind energy practically came to a standstill for several days. Promptly, the daily price spiked for several days to a level that had not been reached all year, namely €75 per MwH. The price of gas also rose, mainly due to the relatively low temperatures, but also due to the limited supply of liquefied gas from North America.
Since the windless weather has given way to strong west circulation, there is again ample supply of wind energy and the daily price dropped to a normal level this year of approximately €40 per MwH, without major daily fluctuations in the price per hour. Due to the much higher temperatures, the gas price also dropped again, although the supply remains tight.
Daily and Seasonal Variation
Daily fluctuations in the hourly price of electricity mainly characterize the period of the year in which the production of solar energy exceeds the production of wind energy. The hourly price regularly dropped to negative values this year on days with an abundant supply of solar energy. 2020 has therefore made it clear that the production of sustainable energy with wind and sun cannot do without a good buffer, which absorbs the capriciousness in the supply.
Spring and summer were particularly sunny. This was reflected in the production of solar energy, which regularly broke the records. The record production of sustainable energy from wind turbines and solar panels was partly the result of the rapidly growing capacity, both over land (solar meadows) and over sea. Wind turbines at sea in particular will make a difference in the energy market in the future. Compared to solar energy, wind turbines have the advantage that the daily fluctuations in supply are less large. On the other hand, both forms of sustainable energy complement each other well: when high-pressure areas dominate in the summer, abundant sunshine and little wind often go hand in hand. If low pressure areas are dominant, there is usually more supply of wind energy and less solar energy.
If depressions dominate in the winter half, the production of wind energy can rise to great heights, such as in February. Also at the moment there is a strong west circulation with rain, sometimes a lot of wind and high temperatures. But during the Christmas season, this type of weather gives way to much colder weather, although it is too early to speak of a winter onset. Due to the much colder weather, both gas and electricity prices can rise sharply again.
Oil price stabilizes
The oil price has stabilized at around $50 a barrel in recent weeks. Agricultural diesel now costs almost €0,95 per litre. No major price changes are expected. On the one hand, the recovering economy in Asia in particular is driving prices up, but on the other, the ever-expanding consequences of the new corona pandemic are dampening oil prices, despite the vaccination campaigns that could have an effect in the short term.
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This is in response to it Boerenbusiness article:
[url = https: // www.boerenbusiness.nl/ artikel/10890453/wind-zorg-voor-rust-op-energiemarkt]Wind care for calm on the energy market[/url]