France was Europe’s biggest exporter of power in the first 11 months of the year, while the Italy imported the largest volume of electricity.
These are the headline statistics from a new report on the European interconnector market from energy data analyst, EnAppSys.
The research showed that France had total net exports of 39.4TWh during the period from 1 January to 30 November 2019, with most of the power flowing to Italy (13.3TWh) and Germany (11TWh). The high net export level was attributed to large volumes of nuclear generation in France, with the low marginal costs associated with this type of power source making it attractive for the whole European market.
Germany was Europe’s second largest net exporter, as well as France’s second largest net importer during the period, with net outward flows of 25.4TWh. Most of Germany’s exports went to Poland (8.6TWh), which is keen to reduce its heavy reliance on coal-fired power and source cleaner sources of energy from outside of the country.
However, when net exports as a percentage of demand was taken into consideration, the figures for France and Germany were relatively low (9.3 per cent and 5.7 per cent respectively). Sweden (31.1 per cent) and Slovenia (21.4 per cent) had the biggest net exports as a proportion of demand during the period, even though in the latter’s case the net outflow volume was relatively low (2.6TWh).
Italy was the biggest importer of electricity during the first eleven months of 2019, sourcing 36.6TWh from outside of the country. Most of its energy came from Switzerland (17.6TWh), which is still growing its renewables output whilst continuing to rely on nuclear as its primary source of power.
Europe’s second biggest net importer was Great Britain (19.7TWh), which before 2004 was a net exporter of power for more than 25 years.
Lithuania saw the biggest net inflows as a proportion of demand (75.3 per cent), while net imports accounted for more than one half of demand (56 per cent) in Denmark.
Key energy and climate chance policies in Europe have increased the importance of the interconnector market in recent years. To achieve emissions reduction targets, the European Council has called on EU countries to ensure that interconnection makes up at least ten per cent of their installed electricity production capacity by 2020.
Jean-Paul Harreman, director of EnAppSys BV, said: “There’s no doubt that interconnectors are becoming increasingly vital to Europe’s electricity market. By using an interconnector, a country that generates more energy than required for its own use can sell its surplus energy to neighbouring markets. At the same time, markets purchasing electricity also profit due to lower purchasing costs relative to production costs within their own market.”