29. August 2026 · 06:31 Uhr
German gas storage is only 49.7% full, well below the normal 75% level – critical for the coming winter. European gas prices have risen 117% since the beginning of 2026 and could exceed the €100/MWh mark in December. Decoupling from Russian gas significantly exacerbates supply security and threatens industry and households.
Germany achieves 71.5% renewable share (July 2026), but fails to deliver on the central promise of lower electricity prices – households pay €0.387/kWh (most expensive in EU). Grid expansion, redispatch costs (€3–4 billion/year) and lack of storage capacity drive consumer prices despite cheap generation. The discrepancy between generation costs and consumer prices reveals structural system problems.
Germany's four transmission system operators warn in an urgent letter of 'capacity shortage situations' in winter 2030/31 without additional secured generation capacity. The federal government pays €6.5 billion in subsidies to grid operators in 2026, while redispatch and congestion costs have grown to over €3 billion. The discrepancy between volatile renewable feed-in and calculable supply security becomes a structural system crisis.
EnBW's 960-MW offshore wind farm with 64 15-MW turbines is fully installed and operational (summer 2026). Vattenfall, RWE and EnBW reach important project milestones in the North Sea; RWE shows H1 EBITDA of €3.0 billion and confirms 2026 guidance of €5.75–6.35 billion. These infrastructure investments are strategically central for CO₂ reduction, but do not yet solve winter supply security.
RWE receives $1.22 billion USD from the Trump Administration as compensation for terminating offshore wind concessions; an additional €900 million flows into an LNG project in Louisiana. The move signals geopolitical shift: German energy suppliers diversify investments away from European wind power and thus undermine long-term EU energy independence goals.
In 2026, Germany finds itself in a paradoxical energy security crisis: while the renewable share rises above 71%, secured capacity, storage systems and a robust distribution network are lacking – the four transmission system operators warn of shortage situations from 2030/31 onwards. Simultaneously, a gas supply crisis looms with storage below 50% utilization and prices approaching 2022 levels, while EU decoupling from Russian resources is not yet compensated by alternative LNG infrastructure. German consumers bear Europe's highest electricity prices (38.7 ct/kWh) despite cheaper generation – grid expansion, redispatch and balancing energy costs exceeding €6 billion/year account for this contradiction. Strategically noteworthy: RWE and other suppliers increasingly invest in US LNG rather than EU wind power, suggesting loss of confidence in European energy transition stability and signaling geopolitical shifts.
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