Georg Zachmann

senior fellow - energy & climate policy - @bruegel_org

Scientific Lead - GreenDealUkraїna - @HZBde

[Georg Zachmann @GeorgZachmann]

A Summary of our new paper on ...
Why rethinking electricity maket integration is crucial for Europe's future competitiveness and security
... in 15 tweets.

https://t.co/kB8zaFjG7L

[Georg Zachmann @GeorgZachmann]

For now I am mainly passive here and active on the other side - hoping that network effects still allow penalising actors when they try to extract too much (a very interesting experiment in contestability).

[Georg Zachmann @GeorgZachmann]

For now I am mainly passive here and active on the other side - hoping that network effects still allow penalising actors when they try to extract too much (a very interesting experiment in contestability).

[Ugne Keliauskaite @keliauskaite]

.@Bruegel_org EU gas import tracker:
-weekly imports are up, driven by LNG and Russian gas;
-LNG regasification utilisation is 92% in HR, 91% in LT and 83% in PL;
-gas withdrawals this autumn started earlier than in the past two years;
-EU storage at 93%.
https://t.co/zrnNGuJvpf

[Georg Zachmann @GeorgZachmann]

@liy8n749 @IsabellaMWeber Empirical economics works with data.

[Georg Zachmann @GeorgZachmann]

@IsabellaMWeber Thereby, we need to look in an unbiased way at historic examples, to avoid repeating mistakes.

E.g., Argentina's 40th Pres Perón introduced price controls, expanded public spending & high tariffs. He was followed by the 'quasi-fascist' Videla that caused 15k-30k Desaparecidos.

[Ugne Keliauskaite @keliauskaite]

.@Bruegel_org EU gas import tracker:
- October LNG imports increased compared to recent months, although are below seasonal levels;
- weekly reverse gas flows to UA going down;
- weekly rate of LNG regasification >= 80% in HR, LT, PL.
https://t.co/xBGQVy5Pzq

[Georg Zachmann @GeorgZachmann]

German government coalition is breaking down. The latest polls leave one worrying, what comes next.
(Table source https://t.co/PER4radF4v)

[Georg Zachmann @GeorgZachmann]

Has Trump ever indicated, whether the 20% import tariffs would also be applied on commodities, incl. oil imports?

Given that US gross-imports are ~40% of the consumption (while exports>imports) such tariffs should substantially drive US fuel prices.

[Alice Evans @_alice_evans]

Why is Fertility Collapsing, Globally?

How can we study this? What should be the test for any new theory? And why does this matter for growth?

https://t.co/XhbnZqx1K7

[Ugne Keliauskaite @keliauskaite]

.@Bruegel_org EU gas import tracker
-total gas imports below seasonal numbers driven by lower LNG imports;
-weekly imports from Russia via pipelines above 2022/23 level with flows via Tursktream at the highest level so far;
-EU gas storage 95% full, UA 27%
https://t.co/xBGQVy5Pzq

[Georg Zachmann @GeorgZachmann]

.@Keliauskaite and myself discuss three options on the future of Ukrainian gas transit:
1) no more transit
2) Azeri-mirrage
3) tight EU framework

As 1) is politically very challenging, 2) is too 'dirty', 3) Vol-limits and tariffs might be a compromise.
https://t.co/YK3FniVitQ

[Georg Zachmann @GeorgZachmann]

@grimmse das Eigentum
der Reichtum

[Georg Zachmann @GeorgZachmann]

Russian tankers seem immune to the Houti's in the Bab-el-Mandeb.

[Anas Alhajji @anasalhajji]

Do you see this train of oil tankers going through the Red Sea and the troubled waters of Bab Al Mandab near Yemen? They are all carrying Russian Urals crude!

#Russia #India #Oil #Sanctions #PriceCap

Map Source: Kpler, Oct 17, 2024.

[Georg Zachmann @GeorgZachmann]

.@Keliauskaite and myself discuss three options on the future of Ukrainian gas transit:
1) no more transit
2) Azeri-mirrage
3) tight EU framework

As 1) is politically very challenging, 2) is too 'dirty', 3) Vol-limits and tariffs might be a compromise.
https://t.co/YK3FniVitQ

[Ugne Keliauskaite @keliauskaite]

.@Bruegel_org EU gas import tracker:
-weekly EU imports are picking up, although slightly below 2023 weekly levels
-weekly imports from RU above seasonal levels;
-weekly imports from NO, ALGR, UK and AZ around 2023 weekly levels
-EU gas storage is 95% full
https://t.co/xBGQVy6noY

[Georg Zachmann @GeorgZachmann]

@G_H_Fischer We just did some job-interviews, and it felt like more than half of the interesting candidates did some hydrogen-research project in the last years.
This research was certainly useful to prevent bad investments – but it seemingly also absorbed a lot (too many?) of smart brains.

[Georg Zachmann @GeorgZachmann]

@CarloMasala1 They missed the Anti-Pasta

[Georg Zachmann @GeorgZachmann]

@JMGlachant @RenaudFoucart @infornomics When you stop paying a high price for low-value electricity, the seller loses revenue and you reduce your cost.
A DSO/TSO with a revenue cap would then increase prices on other consumption.
[and above that there are efficiency gains that increase total welfare]

[Georg Zachmann @GeorgZachmann]

Did I miss something?
[this is not supposed to be normative]

[Georg Zachmann @GeorgZachmann]

@MoeckelFlorian @andreasgraf I can see "lower transaction cost" as a benefit - this will strongly depend on the way in which decentralsiation is organised, of course.