McKinsey sees reliability of supply threatened in Germany
Post date: 09/09/2019 - 16:28
In the latest edition of its half-yearly updated »Energy Transition Index« for Germany, the business consulting firm McKinsey & Company Inc. warns of impending supply bottlenecks, in particular due to too slow expansion of the transmission grids and too little »secured« generation capacity after the nuclear phase-out and the planned coal phase-out.
A total of 14 parameters for the index are recorded and evaluated on the basis of various statistics. The results – for example, the almost certain threat of the German CO2 reduction targets being missed or the grid expansion lagging behind what the Federal Government considers necessary – are generally known. McKinsey concludes from the current situation that the nuclear and coal-fired power plants that will be phased out in the coming years will have to be compensated by a faster expansion of renewable energies, the construction of »flexible power plants« or the maintenance of existing power plants as a reserve. At the same time, the expansion of the grid must also be accelerated.
Only six of the 14 index indicators have developed positively or stably since 2012. According to McKinsey, this includes the planned share of renewable energies in gross electricity consumption, the only slight decline in the number of jobs in the renewable energy sector to currently 338,000, and the significant increase in the number of jobs in so-called power-intensive industries by around 130,000 to 1.72 million over the past seven years. Industrial electricity prices were also only 6.2 percent above the European average; in 2012 they had been 14.2 percent.