Framework

Question 1

Which are the 4 fundamentals of a prosperous economy?

Answer 1

Capital, people, resources, energy

Question 2

What are the components of the energy trilemma?

Answer 2

1. • Energy security: energy supply, reliability of energy infrastructure, and ability to meet current and future demand
2. • Energy equity: accesibility and affordability of energy supply across the population
3. • Environmental sustainability: supply and demand-side energy efficiencies and development of renewable and low-carbon energy

4th dimension: acceptace of the ecosystem damage

Question 3

How does the merit-order-effect on power prices work?

Answer 3

Sequence in which power stations contribute power to the market with the cheapest offer made by the power station with the smallest running costs setting the starting point

The price will be establish according to the demand, if this one is high will reach the gas/ oil generation. The price will be paid at the same amount for all producers, although the hydro, nuclear, lignite, hard coal and renewables are cheaper to produce. Gas and oil change the price together.
It is impossible to cover all the demand with renewables. When the demand increases is a signal to the investors

Question 4

How does the price duration curve is predicted by 2030?

Answer 4

The batteries and the capacity of the markets reduce the high prices
The E-Mobility and the Batteries reduces the hours with price 0
The rooftop PV increased the hours with price 0 and decrease the hours with thermal energy
The wind energy increased the hours with price 0 and decrease the hours with thermal energy in a more efficient way as the solar and in north there is more wind

Question 5

How is the turnaround in China and USA?

Answer 5

China still produces the largest amount of REs and US is driven success with the use of unconventional gas