US NOV FLASH MANUF PMI 48.8 (FCST: 48.9); OCT 48.5

MNI:Largest Canada New Home Price Dip Since `09 Led By Toronto

CANADIAN OCT FLASH RETAIL SALES +0.7%, 4TH STRAIGHT INCREASE

MNI China Daily Summary: Friday, November 22

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, EU Due Monday

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL NOV INDEX 71.8

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

POWER: Uniper Calls to Speed Up Investments for New Gas Plants

POWER
BulletPower BulletsEnergy BulletsCommodities

Uniper is urging the German government to create a centralised plan – instead of the government’s favoured decentralised plan - for utilities to speed up investments for new gas power plants ahead of the planned tenders next year, Uniper’s CEO Michael Lewis told Reuters. 

  • The Economy Ministry on Wednesday issued a consultation report for 12.5GW of new power plant capacity, with tenders starting as soon as early January.
  • "Uniper is critical of the government's favoured option of a so-called decentralised system," said CEO Michael Lewis in an interview held on Wednesday.
  • "It's more complicated and takes investors longer to understand," he added.
  • The planned decentralised model is based on purchasing certificates to support power plant capacities, while the central capacity market favours a system where power generators compete in government tenders for fixed remuneration to build new capacity.
  • "The capacity market is about getting paid for having the plant available, not from the sale of megawatt hours," said Lewis.
157 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Uniper is urging the German government to create a centralised plan – instead of the government’s favoured decentralised plan - for utilities to speed up investments for new gas power plants ahead of the planned tenders next year, Uniper’s CEO Michael Lewis told Reuters. 

  • The Economy Ministry on Wednesday issued a consultation report for 12.5GW of new power plant capacity, with tenders starting as soon as early January.
  • "Uniper is critical of the government's favoured option of a so-called decentralised system," said CEO Michael Lewis in an interview held on Wednesday.
  • "It's more complicated and takes investors longer to understand," he added.
  • The planned decentralised model is based on purchasing certificates to support power plant capacities, while the central capacity market favours a system where power generators compete in government tenders for fixed remuneration to build new capacity.
  • "The capacity market is about getting paid for having the plant available, not from the sale of megawatt hours," said Lewis.