Daily (11.01.2018): European day-ahead power prices surged by around 16% on Wednesday due to colder weather forecasts

11/01/2018 10:15 Daily


Crude oil prices touched new multi-year peaks on Wednesday as OPEC-led output reductions and increased demand helped to balance the market, but analysts warned of a potential overheating.

Brent crude futures stood at $69.20 a barrel, 38 cents, or 0.6%, above their last close. U.S. West Texas Intermediate (WTI) crude futures settled at $63.57 a barrel, up 61 cents, or 1%. 


British wholesale gas prices surged on Wednesday on forecasts for colder weather. NBP day-ahead gas price increased by 0.10 pence to 54 p/therm. Further along the curve, Summer 2018 delivery contract traded 0.71 pence, or 1.6% higher at 45.92 p/therm. 


European prompt electricity prices for next day delivery soared on Wednesday supported by an expected rise in consumption because of lower temperatures, amid a slump in wind and solar power generation. The German baseload power contract for Thursday delivery gained around 16%, or 6.4 euros to 47.73 euros/MWh. The equivalent French contract was up 6.87 euros at 48.06 euros/MWh.


Along the forward power curve, Germany’s year-ahead Cal’ 19 delivery contract, the European benchmark, edged 1% down at 36.15 euros/MWh. The equivalent French year-ahead contract slipped 0.4 percent to 41.10 euros/MWh.


EU carbon prices gained for a second consecutive day due to a bullish signal from the energy complex and as supply was constrained because of a rare auction-free session.  The carbon contract expiring in 2021 closed 1.3% up at 8.17 euros a tonne.

Spanish and Moroccan regulation authorities decided to strengthen collaboration

18/01/2018 16:52:00

Spain's Nuclear Safety Council (Consejo de Seguridad Nuclear, CSN) and the Moroccan Nuclear and Radiological Safety and Security Agency (AMSSNuR) have inked a memorandum of understanding (MoU) on enlarged cooperation.


Global emissions will stabilise by 2030

18/01/2018 16:00:00

Due to major changes in the global energy landscape, especially related to electric vehicles (EVs) and renewable generation, CO2 emissions are expected to be quite the same by 2030.


China leader in global solar investment in 2017

18/01/2018 10:14:00

The expansion of the Chinese solar energy led global renewable energy investments in 2017.