"The framework gets changed all the time," said Wolfgang Anzengruber, CEO of utility Verbund. "In this environment now you cannot go into these countries with a clear conscience."
Ich meine bald steht da einer auf und sagt die Party ist vorbei bei der Wasserkraft ...
Oooopppssss schon passiert:
"Most pumped storage plants need a ratio of at least three to operate profitably," he said.
Reuters calculations based on data from power market Epex show that in the year to date, median daytime German-Austrian peakload power prices (9 am to 9 pm), at about 35 euros per megawatthour (MWh), were just 17 percent higher than median nightime prices at 30 euros.
In 2013, the premium was 26 percent, down from 40 percent in 2009 and 79 percent in 2007.
Not only has the peak spread narrowed, but the renewables boom has led to overcapacity and Europe's economic crisis has hit power demand. This has pushed German wholesale power prices, now around 35.70 euros per MWh, to less than half their 2008 highs.
With prices that low, even gas-fired generators can compete with storage dams to provide extra supply to the power network.