On July 22nd, the AIB published its Annual Report for the year 2021, alongside the (almost) final 2021 statistics for EECS Production and Transaction.
Please be aware that these results do not fully reflect the 2021 demand, given that we used Production and not Transaction statistics, for the comparison with the Supply side.
Although the figures might slightly evolve in the weeks to come, we have decided to provide you with a summary of the 2021 statistics and what is our take on this, in the light of the first seven months of 2022 and of the markets’ movements.
This analysis will be divided into three parts: we first focus on the Supply side (Issuances), then the Demand side (Cancellations) and we end with the Interactions between Supply and Demand, both within a country or between two countries (imports and exports).
This is the second part of the Analysis, the Demand side (read our first part on the Supply side here.
We first discuss the ‘global’ cancellations levels, then adopt a month-by-month approach. Finally, we focus on each technology trend.
I. Focus on 2021 statistics Production cancellations have decreased in 2021, according to AIB statistics. In 2021, more than 593 TWh of Renewable GOs were cancelled, compared to 638 in 2020 and 569 in 2019. Therefore, the amount of GOs cancelled decreased…
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