Daily (13.07.2017): EU carbon prices by rose 2.7% on Wednesday

13/07/2017 11:01 Daily


Oil jumped again on Wednesday supported by declining U.S. fuel inventories and a cut in the U.S. government's forecast for crude output. The drop in U.S. crude stocks confirmed that the market rebalancing is under way. Brent crude rose by 0.46% settling at $47.74 a barrel, while the WTI price increased by 1% to $45.49 a barrel.

British wholesale gas prices declined on Wednesday as LNG tankers are expected to arrive in Britain, Belgium and the Netherlands in the coming weeks and after imports from Norway were increased to compensate unplanned outage at Gassco’s gas processing plant. UK day-ahead gas price fell by almost 0.9% to 33.85 p/therm. Further along the curve, Winter 2018 contract edged up by 0.1% at 44.89 p/therm.


Prices in the European wholesale power market were mixed on Wednesday, with higher prices in Germany responding to lower renewable output and weaker prices in France resulting from weaker pre-weekend demand and more supply. German spot power contract closed 2.22% lower at 33.87 euros/MWh, while French electricity price rose by 0.36% to end at 36.21 euros/MWh. Further along the curve, German Cal 2018 benchmark price and French power contract for delivery in 2018 both edged up by almost 0.2% to settle at 31.41 euros/MWh and 37.09 euros/MWh respectively.


EU carbon prices recover lost ground to test €5.50 once again on Wednesday, canceling out the previous session’s losses to take aim at Monday’s four-month high. The EUA Cal 2018 closed at 5.53 euros/ton, while the EUA 2019 settled at 5.61 euros/ton.

Turkey's National Energy Efficiency Plan welcomed by EBRD

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The European Bank for Reconstruction and Development (ERD) salutes Turkey's National Energy Efficiency Action Plan (NEEAP). It has as a target to reduce 14 percent of primary energy consumption by 2023 and invest almost $11 billion in energy efficiency measures.


Siemens Gamesa will deliver turbines for 500MW offshore wind project

12/01/2018 11:35:00

Siemens Gamesa plans to offer its latest 8MW turbines to a French offshore wind project.


Russia reached record nuclear power production in 2017

12/01/2018 11:05:00

Russia hit an electricity generation record in 2017. According to the state atomic energy corporation Rosatom, the nation produced 6.5 billion kilowatt-hours (kWh) more power from nuclear power plants(NPP).