The EU has set an ambitious goal for the coming years: the transition to a decarbonised, secure and competitive economy. NGC Partners President Pedro Mielgo and Ruhr University Professor Graham Weale offer an insight into the challenges of energy transition and how Germany can serve as a model for other countries, particularly Spain.
_"The origin of the energy transition in Germany can be traced back to the introduction of nuclear energy in the 1970s and 1980s''
_"In the first decade of this century, renewable energies attracted greater political attention even though their costs were out of control''
_"Charging the cost of renewables to the consumer gives electricity a medium- and long-term disadvantage"
_"As an economist I want the energy transition to succeed, but at the lowest possible cost to the system"
_"Energy accounts for a large proportion of GDP and is particularly important for industry. Every country has to think long term and make the right decisions now"
_"The energy transition involves finding the right role for each primary energy and changing its use, which will have an impact on the cost of electricity, both in wholesale markets and in the final price for the consumer''
_"Approximately half of the price of electricity consumption in Spain corresponds to the market price, while the other half are fiscal and parafiscal charges. This makes other energy sources more attractive"