German energy utility EnBW has released its 2014 results, posting a 2.2% increase in sales. The company is pursuing a restructuring process that began in the middle of 2013 and will also remain on course in 2015. The company aims to save €400m until 2020. EnBW is restructuring its conventional generation business and will reduce by 1,700 MW (about 25%) its generation capacity by 2020; this is due to the sales of a 75% share in the Bexbach power plant, the already completed transfer of four power plants and the imminently planned transfer of a further two plants to operate as reserve power plants (in accordance with the Ordinance on Back up Power Plants (ResKV)). EnBW plans to increase its investments in gas and electricity networks to €560m in 2015.
In 2014, EnBW's installed capacity remained broadly stable at 13.7 GW (13.8 GW in 2013, due to the transfer of power plant capacities to the grid reserve), with thermal power plants accounting for 81% of the capacity and renewables for 19%. Power generation dipped by 1.3% to 57.8 TWh, due to a lower hydro availability (-5.9% for hydropower generation). The group sold 255 TWh of electricity in 2014, including 7.6 TWh to retail and commercial customers, 3.4 TWh to the business and industrial customer sector (B2B) and 244 TWh to the energy trading sector. Gas sales totalled 377 TWh: 3.5 TWh were sold to retail and commercial customers, 1.1 TWh to the business and industrial customer sector (B2B) and 372 TWh to the energy trading sector.
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