Analysis of the Relevant Political and Economic Factors Concerning Tennet Tso

Analysis of the relevant political and economic factors concerning TenneT TSO GmbH

EUROMASTER 7 Macroeconomics and International Trade Assignment

By

Kostadin Valkanov MSc

Munich University of Applied Sciences Field of study: MBA & Eng.

Consultant: Mr Derek Shepherd Start date: 21.02.2012 End date: 02.04.2012

Macroeconomics and International Trade Assignment – TenneT TSO GmbH

Table of content

1 2 3 3.1 3.2 4 5 6

Introduction ........................................................................................... 2 Company Profile of TenneT TSO GmbH ......................................... 3 PESTEL analysis ................................................................................. 5 Political factors regarding TenneT .................................................... 7 Economic factors about TenneT ..................................................... 12 Conclusion .......................................................................................... 18 List of references ............................................................................... 19 Appendix ............................................................................................. 22

1

Macroeconomics and International Trade Assignment – TenneT TSO GmbH

1 Introduction

Connecting offshore wind energy and new power plants to the grid and developing the European electricity trade need a rapid grid expansion. According to the German Energy Agency (dena, 2011), around 3,600 km of new extra high voltage lines will be needed in Germany until 2020. In its first Grid Study from 2005, dena had previously identified a need for 850 km of new lines until 2015. So far, only about 90 km have been built. The three main obstacles are the duration of permitting procedures because of political factors, acceptance of power line projects by residents and investment conditions. Therefore, it is important for companies to analyse the environmental factors which...