Page 18 - KELAG Annual Report 2019
P. 18

(forward 2020) increased by around 10% to an average of   for base-load electricity (up 9%) and EUR 58 per MWh for
                    EUR 51 per MWh for base-load electricity and by around 9%   peak-load electricity (up 7%).
                    to an average of EUR 62 per MWh for peak-load electricity.

                    The  corresponding  prices  on  the  forward  market  in
                    Germany (forward 2020) in 2019 averaged EUR 48 per MWh






                     250,0%

                     225,0%

                     200,0%
                     175,0%

                     150,0%
                     125,0%

                     100,0%

                      75,0%
                      50,0%

                      25,0%
                       0,0%
                           2009   2010   2011   2012    2013   2014   2015    2016   2017   2018    2019   2020




                                                                  every five years to achieve the aim of limiting the global
                                                                  temperature rise to no more than a maximum of 1.5 to 2
                                                                  degrees Celsius. The main objective of the Conference was
                                                                  to  finalise  the  Paris  Agreement  rulebook.  Despite  an
                    The  United  Nations  Framework  Convention  on  Climate   extension  of the Conference, the community of member
                    Change, 25th Conference of the Parties (COP 25) took place   states  reached  an  agreement  only  on  a  minimum
                    from  2 December to  15 December  2019  in  Madrid  under   compromise. In the final statement, the Parties were only
                    the slogan “Time to act”. In the Paris Agreement from 2015,   reminded  of  their  commitment  to  tighten  their  climate
                    the  UN  member  states  undertook  for  the  first  time  to   protection targets again in 2020. The member states thus
                    establish  additional  targets  and  the  associated  measures
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