Denmark and Germany to increase amount of tradeable electricity
This has meant that even though Nordic producers were at times able to produce cheaper power than their German competitors, they were unable to gain access to the German market to sell it. Negotiations have been underway for a year on a gradual expansion of capacity between Jutland and Germany, and these have resulted in an agreement between the Danish energy minister and his German counterpart. “It’s a really good deal for Denmark and the Nordic electricity companies that will gradually be able to export more electricity to Germany during periods when they can produce power more cheaply than their German competitors,” said the energy and climate minister, Lars Christian Lilleholt. “Already by 2019, the available capacity will, on average, be five times as great as in 2016.” The agreement will run until the end of 2020, with the amount being increased each year up to 1,100 MW.