As a result of the negative effects of the coronavirus on intra-European and international trade in goods, impairments or shortages on the procurement side cannot be excluded. Potential risks for supply chains could arise in connection with international value chains with China and the supply of vehicle parts from European suppliers.
As a baseline scenario, we continue to expect no shortages on the procurement side.
After no significant results were achieved at the World Climate Conference in Madrid, Germany is advancing with the climate package The expansion of renewable energies to 65% by 2030, which was decided therein, is expected to further strengthen price fluctuations on the electricity spot market due to their limited predictability. The gradual phasing out of coal-fired electricity will further boost wholesale prices. The expansion of emissions trading in the transport and building sector is also contributing to this.