European electricity rises in tandem with gas prices, government intervention has little effect, electrical costs remain high, and European home energy storage projects are gradually expanding.

 

 

 

 

According to the relevant U.S. energy industry agencies, European countries residential electricity prices, in a year from the average price of 0.15 euros / kWh to 0.45 euros / kWh, into August, after the government increased policy intervention, the first signs of falling trend.

 

 

 

 

However, the temporary drop in residential electricity prices does not mean that the cost of electricity has fallen, and the main reason remains government intervention. France adjusted its electricity pricing mechanism as a way to limit the magnitude of the increase; the EU also proposed a cap on Russian gas prices and a tax on energy companies, among other measures, to protect households and businesses in the country.

 

 

Gas prices continue to affect the electricity market, with the cut-off of supplies from Russia leaving the price of residential electricity in the UK more than 30 percent higher than in second place Italy, and the cost of electricity in Europe still rising.

 

 

 

 

The two European countries with the highest natural gas payment costs, the Netherlands and Germany, have also been significantly negatively affected. The Netherlands must now prepare for self-sufficiency domestically due to the closure of the Groningen field (which was once the largest gas field in Europe).

 

 

In Germany, the Association of Energy Storage Systems (BVES) said years ago that German home energy storage battery sales are expected to grow by 67% in 2022, and that the total revenue of the energy storage industry was €8.9 billion last year, with household energy storage accounting for more than half of the market share.

 

 

Germany has more than 2.2 million solar photovoltaic power generation systems across the country, in the case of high electricity prices, the generated electricity transmission will start to shift from the grid to the home storage side. For this reason, the leading home energy storage battery suppliers in the German market, including Senec, sonnen, LGChem and Tesla and other leading manufacturers, also cater to the market and policy to develop cheaper and higher capacity home energy storage products.

 

 

 

Based on this, TidePower Intelligence decisively held the "2022 Global TidePower Green Energy Storage/Energy Saving Selection Summit for Overseas Buyers" at the end of October and the "China TidePower Europe Tour" in November, visiting France, Italy, Spain, Germany, Poland and Switzerland.

 

 

Tide Power Think Tank aims to open up the most critical link of marketing and sales for Chinese tide power plant owners across the energy storage industry, as well as to sound the call for Chinese tide power plant owners to cross the border of energy storage.

 

Translated with www.DeepL.com/Translator (free version)