Interview_ munich aims to meet all power demand with renewables by 2025- nikkei asian review gas under 3 dollars

MUNICH, Germany — Stadtwerke Munchen, Germany’s biggest city-owned electric utility, is playing the leading role in a country where electricity and gas markets have been liberalized and the use of renewable energy is gaining ground. C gastronomie limonest SWM has augmented its revenues by providing various public services, mainly in Munich, a city that enjoys a thriving economy. The power company is also actively promoting renewable energy and investing in floating wind farms despite its supply area being in a landlocked location.

SWM CEO Florian Bieberbach, 43, who led reforms of the power sector following liberalization, spoke with The Nikkei about the company’s business strategy. A: Before the liberalization, our market share was 100%, as we were the only company providing energy in Munich. Electricity review worksheet answers The market for industrial customers was liberalized first. Gas in oil tank Competition was tough and still is. K gas constant The market for residential customers followed shortly after.

Z gas tijuana telefono Today, there are over 100 competitors for electricity and gas in Munich. Electricity quiz 4th grade Nevertheless, our market share remains very high.

Q: In Germany, utility giants, E.on and RWE, split up conventional generation and focus on energy service and renewable energy, but SWM remains a conglomerate. Pictures electricity pylons What are the merits to keeping your current business model? A: In an integrated company you don’t need double structures. Electricity was invented in what year E.on for example is about to lose a lot of synergies due to the double structures they are creating in their split up. Gas mask bong how to use We very much benefit from synergies thanks to our integrated power generation, energy trading, retail and purchasing.

Electricity generation in california And of course, our diversification leads to less volatility overall. Electricity hair stand up There are times when the grid model is profitable, and times when it’s not very profitable.

Gas youtube Ideally, you have always at least one part of the business being profitable when others are going through tough times. A: Yes, we do. Gas yoga Our telecommunication branch has been building a fiberglass grid for Munich. Gas oil ratio for leaf blower We benefit from already having other infrastructure elements in place, as digging up the ground for a new electricity cable gives you the opportunity to add fiberglass cables. Gas variables pogil answers Another example is our public transport subsidiary (Munich’s underground, trams and buses), which has market risks from volatile energy prices.

Gas vs electric oven Through our trading floor, we are able to hedge fuel risks for the bus sector. E gaskell north and south And last but not least, the electricity supply for the underground and trams is an integrated business of the electricity grid — we operate most of the technical infrastructures in the city, and this means cost efficiency through synergies.

Q: SWM is owned by the city of Munich. Z gas tecate telefono Generally, companies owned by city municipalities are said to be bureaucratic and everything is slow with them. Electricity lessons for 5th grade How about SWM? How do you make yourself efficient? A: When the market was liberalized in Germany, the city basically spun off Stadtwerke Munchen.

Grade 6 science electricity test Since then, we have been organized like a private company and not like a public sector institution with both the face to customers and our internal organization, with only a few exceptions. Static electricity jokes That was a very important step. 2015 electricity increase The experience in Germany is that efficiency is not about ownership structure. Mp electricity bill payment paschim kshetra The driver for efficiency is market liberalization and competition. In the past, most companies were inefficient and bureaucratic, no matter if private or not. Electricity multiple choice questions grade 9 Now we have a lot of very efficient companies; some of them are listed and owned by shareholders and international investment funds, and others are still owned by municipalities. A: Much more profitable. Electricity and magnetism purcell It’s a bit absurd: Before we had to compete, SWM made an annual loss of 100 million Deutschmark. Electricity through wood So the former management reduced the number of employees from 12,000 down to 6,500. Electricity transmission and distribution costs There was a huge improvement of efficiency in the company, driven by competition, both in power plants and the retail organization. Electricity rates el paso Now we are back to around 10,000 employees, because we have expanded into other businesses. A: There are several reasons. Gas zeta costa rica The first and most important reason is that exiting fossil power is an integral goal and political aim of our shareholder, the city of Munich. Q gastrobar It has signed a contract with other cities (Covenant of Mayors, 2008) to drastically reduce CO2 emissions. Gas in back and chest And it has decided to exit nuclear power production until 2022. Gas works park address That’s why we are building up a power generation based on renewables. A level physics electricity questions and answers At least for the next few decades, natural gas will be necessary to complement the renewables. Our customers support our strategy. Gasco abu dhabi In Germany, public opinion about both coal- and nuclear-based energy is very negative. Electricity questions grade 6 Customers want their electricity suppliers to promote renewables. Gas exchange in the lungs happens by the process of And of course, we hope to build up a profitable business. Grade 9 electricity test About a quarter of our current operating profit is already generated from renewables. A: I think the first significant profit was around 2013. Gas and supply shreveport It will probably be cash positive from next year onwards. Electricity merit badge worksheet answers We will continue to invest. Gas laws When we started our “renewable energies expansion campaign” in 2008 we had a conventional power production of the size that was needed to supply the whole electricity demand of Munich. Electricity wikipedia in hindi In the end, the conventional power generation will almost be gone, apart from a few power gas firing stations. Youtube gas pedal lyrics Our aim is to have a similar power generation capacity but based on renewables in our own installations by 2025. A: We can currently cover around 44% of Munich’s electricity demand from renewables. Gas in back symptoms One of the offshore projects is still under construction. La gasolina lyrics translation Once that is running, in about a year, we will have reached 50% of our goal. Electricity vs magnetism venn diagram And we will continue to work for our aim. Grade 6 electricity test We have invested 3 billion euros ($2.67 billion) so far, and there will be another 3-4 billion euros going toward our striving for green energy by 2025. Q: When it comes to wind, there is a big problem in Germany. C gastronomie brignais Grid companies are planning a high voltage grid going from the North Sea to southern Germany, but many residential people alongside the proposed route are opposed to construction of the grid. Static electricity vocabulary words Do you have any good solutions? A: I don’t have any better ideas. Tgas advisors In the end, the state has to build it, just like the state builds other main infrastructure. Natural electricity examples If you build a road, the people who live there will never be happy — and roads still need to be built. Inert gas definition chemistry It is a matter of fact, when you need to build infrastructure, there are always people who are adversely affected. A: Not yet. Electricity production in chad If nothing was built, that would affect our business plan. Z gas el salvador precios But I currently assume that the connections will be built in the next years. A: The coal fired power plant will be closed. Electricity questions grade 9 The exact date is still subject to discussion in Munich, but it will be shut down eventually. Gas mask drawing We have a share in a nuclear power plant and that will be closed by 2022. Electricity in india voltage Just selling it would be an easy way out, but it would not change the matter of fact. Ortega y gasset obras completas We see it as our duty to close these plants and replace them with renewables. Is there a gas station near me I think this is not a local but a global issue. 6 gas laws If the world takes global warming seriously, I’m convinced that all energy companies need to switch to renewables. Q: The EU is considering a single energy market, which I understand would mean total liberalization of the European market. 9gag tv Are you thinking about acquiring other peers? A: We do benefit from our regional focus. Gas after eating red meat The Greater Munich area is probably one of the most attractive areas to be active in. Hp gas online booking phone number It’s an economically strong, rich area, with an increasing population and prospering economy. Walmart with a gas station near me It’s a sweet spot you could say. Electricity per kwh We have enough potential in this area; it doesn’t make too much sense to expand in other geographical areas. A: I think that in the retail business we will see some sort of consolidation. Ortega y gasset We have around 1,000 companies in electricity retail in Germany, and this is not sustainable. Electricity jokes In the grid business, there is a huge number of very small grid operators, and I’m not sure if they can also survive in the medium term. 66 gas station near me In the generation business, I don’t see a consolidation due to fact that the renewables part of the business is highly fragmented. Electricity 2015 Of course there will be consolidation in conventional energy, disappearing in the long term. Q: The next question is about Energiewende, energy transition, in Germany. Gas in babies at night What are the positive and negative impacts for SWM and utilities in general? A: Overall, I think Energiewende is a success, despite a lot of criticism. Gas block dimple jig To start at the political level: The most heard criticism about the German Energiewende internationally is the fact that the CO2 emissions of Germany haven’t gone down a lot. Gas station jokes But that’s unfair, because the primary target of Energiewende was to replace nuclear energy with renewables. Gas news australia So it was obvious from the very beginning that this won’t change anything about the CO2 emissions — it is one CO2 neutral technology replacing another. Gas and bloating CO2 emissions are targeted as the next step. While we do suffer from low electricity prices in Germany; that’s actually the primary result of the cheap coal prices worldwide, and not so much of Energiewende. V gas llc The crisis of the conventional power plants that we see all over Western Europe is not a result of Energiewende but cheap coal or shale gas. G gas lol The abundant availability of cheap fossils is the true problem. Electricity jeopardy powerpoint Even without Energiewende we would have the same problems. We are experiencing a change in the utility and energy sectors worldwide. Electricity in indian villages If you take global warming seriously, companies need to change their business model away from fossils an
d — at least in Germany — away from nuclear, too. M gasol nba You have to be active, otherwise you will disappear. Site: http://asia.nikkei.com/Business/Companies/Munich-aims-to-meet-all-power-demand-with-renewables-by-2025