Federal Network Agency Releases 2024 Power Market Data

The Federal Network Agency reports that power generating facilities produced a total of 431.7 TWh of electricity in the past year. This figure represents a decrease of 4.2 percent compared to the previous year (450.5 TWh). An impressive 59.0 percent of the total energy produced (254.9 TWh) hails from renewable sources, a rise from 56.0 percent in the previous year. The total energy production includes the electricity exported beyond Germany's borders. Thus, as the 2024 data suggests, renewable energies have decidedly become Germany's primary source of power.

Wind Power Dominates The 2024 Power Market

Among all the types of power sources, wind farms contributed the most to the total energy production. The off-shore wind power farms generated a solid 25.7 TWh (up from 23.5 TWh in 2023), while on-shore wind power plants yielded an impressive 111.9 TWh (down from 118.8 TWh in 2023). Photovoltaic (solar power) installations contributed 63.3 TWh (up from 55.7 TWh in 2023), with 36.0 TWh coming from biomass (a slight decrease from 37.8 TWh in 2023). The summer’s unprecedented solar hours, combined with the expansion of solar capabilities, accounted for the notable rise in photovoltaic integrations.

As for conventional energy sources, they contributed a total of 176.8 TWh to the energy market, marking a 10.9% downturn since 2023. Coal-based energy witnessed a marked reduction with lignite and bituminous coal decreasing by 31.2% and 8.8%, respectively, since 2023. Meanwhile, the natural gas sector saw an increase of 8.6%, reaching 56.9 TWh and securing a slightly larger share of the total production at 13.2% (up from 11.6% in 2023).

Cross-Border Electricity Trading

Concerning international trade, Germany imported an overall volume of 67.0 TWh in 2024 (up from 54.3 TWh in 2023) while exporting 35.1 TWh (down from 39.0 TWh in 2023). This sees imports surge by approximately 23.2 percent and exports dipping by 10.1 percent compared to the previous year.

Because Germany has sufficient power generation capacities, electricity is typically imported only when domestic production costs exceed those abroad. The interplay of supply and demand shapes a pan-European energy market, where countries generate electricity where it's most cost-effective and all European nations mutually benefit from optimal production conditions.

The electricity produced, as we're referring to, denotes net electricity generation and signals the injection into the national grid, minus the power plants' consumption. Electricity produced by the Deutsche Bahn network, within industrial networks, and closed distribution networks does not account for the net electricity production. Furthermore, the proportion of electricity originating from renewable sources differs from the calculation baseline defined by the federal government's targets for expanding renewable energies as per the Renewable Energy Act (EEG). As per initial calculations by the Renewable Energies Statistics Working Group at the Federal Environment Agency in December 2024, renewable energy's share of gross electricity consumption stands at around 54 percent.

Energy Storage: The Key to Unlocking Renewable Energy’s Full Potential

Germany’s shift to renewable energy is clear, but the challenge remains: How do we store and manage renewable power efficiently?

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