For 50Hertz, the transmission system operator (TSO) from the north-east of Germany, the 2019 business year was successful in two respects: More renewable power than ever before was transmitted by 50Hertz. At the same time, fewer and fewer redispatch measures were required for congestion management. This of course also means that the TSCNET shareholder was able to continuously reduce its redispatch costs.
At the 50 Hertz annual media conference in the German capital of Berlin, the TSO presented the following figures: A total of around 60TWh of renewable energy was fed into the grid, mainly generated by wind and sun. This once again set a record in the 50Hertz control area, where renewable energies already cover up to 60% of the average annual electricity demand. In congestion management, 50Hertz was able to reduce the throttled energy volumes from 4TWh in 2018 to only 2.5TWh in 2019 and cut redispatch costs from €134m to €84m.
Stefan Kapferer, CEO of 50Hertz, commented on the TSO’s success: “The north-east of Germany continues to evolve into a ‘green power plant’ of the energy transition in Germany. Even with a constantly growing share of wind and solar power in the grid, we keep the costs under control. With regard to the time after the exit from coal- and lignite-fired generation, we stand for the security of the power system and create the necessary preconditions.”
50Hertz keeps on creating the technical conditions for future success and is making good progress in grid optimisation, reinforcement and expansion. Last year, the offshore grid connection Ostwind 1 was officially commissioned. In addition, 50Hertz lines and substations have been reinforced. To improve the prognosis of grid losses, artificial intelligence (AI) is used in the 50Hertz grid. All this is not possible without sustained financial commitment. Thanks to consistently good business performance – annual result 2019: €178m (2018: €238m) – the TSO will significantly increase its infrastructure investments: In the period 2020 to 2024, investments will grow by €1.1bn to €4.2bn compared to the time span 2015 to 2019.
50Hertz presents impressive figures for 2019 and announces increased investments (picture of Kerstin Maria Rippel, Head of Communications & Public Affairs at 50Hertz, 50Hertz CEO Stefan Kapferer, 50Hertz CFO Marco Nix, and Chris Peeters, CEO of Elia Group: 50Hertz / Jan Pauls)