EnergyWatch

Wattsight: Massive grid capacity expansion in Germany and UK

The closure of coal-fired and nuclear power plants in countries such as the UK and Belgium will lead to a substantial increase electricity imports from several European countries in upcoming years, according to a new energy market forecast. Germany is far off hitting its climate target.

Photo: Siemens

In the coming year, Germany will almost double its power export capacity, while the UK is expected to triple its import capacity, according to an evaluation from Norwegian analysis and consultancy firm Wattsight.

Wattsight's new prognosis for electricity price developments describes that a number of northwestern European countries will become net importers of electricity up to 2025 to a massive extent as coal-fired and nuclear power plants are decommissioned. The latter is particularly true for Belgium and the UK, just as a CO2 tax in the Netherlands will significantly contribute to increasing electricity imports from these countries.

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