Bloomberg News

German Renewable Power Boom Makes Hedging Difficult, Edison Says

September 29, 2011

Sept. 29 (Bloomberg) -- Germany’s renewable energy boom will make hedging the power output for utilities’ coal and natural-gas plants “more and more difficult,” according to an executive at Edison Trading SpA.

The country’s renewable energy output may rise to 200 terawatt-hours in 2020 from 120 terawatt-hours last year, Andrea Siri, Edison’s head of continental power and origination, said today at the European Energy Trading Summit in London, citing a forecast from the network regulator.

“This means there is less space for thermal power plants and this is a problem,” Siri said.

Utilities including EON AG and RWE AG, Germany’s two biggest, sell power several years in advance to lock in prices.

--Editors: Rob Verdonck, Alessandro Vitelli

To contact the reporter on this story: Lars Paulsson in London at lpaulsson@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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