I had a bit of "bad luck" regarding the editorial deadline of the February edition. One day after I finished the manuscript, the ministry of economics and energy (BMWi) published the draft of the National Hydrogen Strategy. Frankly, I thought it would take longer. But such things happen. And you, dear reader, will find an analysis of the draft strategy in this edition, of course. I might be out of luck again, and the coordination of the ministries is finished faster than expected. If that happens, the final National Hydrogen Strategy may already have been approved by the time you receive this edition.
However, regarding a different topic, I had the correct information. Again, one or two days after the manuscript was finished, FNB Gas, the association of the TSOs, announced that the draft of the Network Development Plan (NEP) 2020-2030 would not be finished as scheduled on April 1. I pointed out in the last edition that such a delay is likely.
In this edition, I compare the annual results of the major German storage operators. Unfortunately, only the results for 2018 are available. The last ones were published in December in the Federal Bulletin. Is that maybe more historical research than analysis? I hope not. I think the annual results show nicely the economic performance of each operator and the general condition of the storage market. However, many operators presumably generated higher profits in 2019 than predicted in the outlook of the 2018 annual results - thanks to the seasonal spreads that soared during 2019. And in 2020, the Winter-Summer-spread is much higher than during the last years. The market area merger takes up a lot of space in this edition. During E-world, the fourth TSOs’ Market