• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on January 10, 2025

    Featured image for article about Headlines

    FRANKFURT (Reuters) - Germany's power plants run on hard coal remain an important back up to guarantee supply when volatile wind and solar power are not available, coal importers lobby VDKi said in a statement on Thursday, calling for better remuneration.

    VDKi's call comes in a regulatory limbo ahead of national elections on Feb. 23, three months after Germany's coalition government collapsed, and after recent high price periods in wholesale power that harmed industrial consumption and burdened households.

    "Modern hard coal plants are an important backbone of German power grids," said VDKi chairman Alexander Bethe in a statement issued ahead of a reception on Friday.

    "In order to tap into sufficient secure power supply, it will be necessary to introduce a capacity market that is open to any technology, competitive, and centralised," he added.

    Bouts of dark and calm weather in early November and mid-December, known in German as "dunkelflaute", meant wind and solar plants were not producing.

    Germany abandoned nuclear power in 2022 and was meant to have launched a building programme for gas-fired plants, which are less carbon-heavy than those run on coal, since then.

    But the programme has lost the chance to receive parliamentary approval after the government collapsed, reopening discussion on how supply security can be guaranteed.

    Bethe said a capacity market, where generators compete in tenders for fixed remuneration to provide power and modelled on successful schemes in other European countries, would provide incentives for both coal and gas plant operators.

    "Coal must not be demonised," he said, adding options for carbon sequestration and storage should not be reserved for operators burning gas for power, but also extended to coal.

    Germany has 16 gigawatts (GW) of hard coal capacity left that contributed 5.4% of all power generated in 2024, according to industry group BDEW.

    (Reporting by Vera Eckert, editing by Alexandra Hudson)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe